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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (69967)	10/19/1999 1:54:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 86076

Creamer says Buy Capitulation Comes in Many Forms By James J. Cramer 10/19/99 1:23 PM ET So the game plan worked, and now we wait for the nervous bulls to sell us more stock because we had no capitulation. Oh, you are going to hear a lot about how we didn't have the big washout. Frankly, other than that exquisite moment two years ago when we dropped 500 points and then dropped again the next morning, we haven't really had any capitulation. I say big deal. Here's why: Contra and Magellan have already raised a ton of cash. We know that from the Journal this morning. And we have had redemptions of mutual funds. That fits, too. I like all of that. Capitulation doesn't come labeled as such. It comes in many forms. These high levels of cash from these underperforming funds mean that more capitulation has occurred than we think. So, my take: Continue to buy the new leaders -- the drugs, the foods, aerospace -- trade the financials, keep buying Net winners and avoid hardware like the plague