Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Boca_PETE who wrote (9013)	10/1/1999 1:03:00 AM
From: marc ultra	Respond to of 15132

Pete re<<<<Any thoughts as to whether or not today's upside reversal on heavy volume indicates that yesterday's low represents a benchmark low for the current correction ? If so, do you think we'll now get a failed rally after which we'll get a test of the new benchmark on low volume like we had with last fall's correction ?>>>>> Good questions. If I recall correctly this sell off had modest volume on the recent big drops though I could be wrong on that. The important factors that got me to pour a bit more money in today was we had about a 10% correction and sentiment and other factors just didn't seem to be calling for a bear, not the least was Bob's not calling one. Since I was quite under invested as it was and I felt the probability was greater that we're going back toward the highs before we might fall into a real bear I decided to load up on some DIAmonds thinking if we go back to late cycle cyclical outperformance as we go to the highs the Dow might be a good place to be. Also it leaves no potentiaal tax issues if at some point I want to hedge with an Ultrabear S&P short fund or shorting SPY directly. As to comparisons with 1998 I think the underlying bull was much healthier compared to now so again I'm viewing this as more of a trade than a long term investment Marc