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To: Defrocked who wrote (70813)10/21/1999 12:46:00 PM
From: IceShark  Respond to of 86076
 
beemer is a buggy whip company - only fools invest in that. Go internutz!



To: Defrocked who wrote (70813)10/21/1999 12:47:00 PM
From: NickSE  Respond to of 86076
 
Excellent post.

The bull is dying the only way it can and that is in a gradually declining and extremely volatile market. IMHO, that's the only thing that can crack the BTD mentality.



To: Defrocked who wrote (70813)10/21/1999 1:02:00 PM
From: Lucretius  Respond to of 86076
 
ROFLMAO!!!



To: Defrocked who wrote (70813)10/21/1999 1:05:00 PM
From: Investor2  Respond to of 86076
 
Re: "Well put yourself into a bull's shoes for
a moment. Do you add or take profits???"

I'm not wildly bullish, but I'm not short either. I'm still about 55% long in equities, with the rest split fairly evenly between cash and bonds. In all, I guess I'm moderately bullish, so I'll let you put yourself in my shoes. <g>

So, your question was, "Do you [I] add or take profits?" I've already taken enough profits for the tax year. Given my tax situation, I refuse to take anymore taxable gains prior to Jan 1. So, to answer part of your question, I definitely don't "take profits."

Now for the rest of your question: Do I add? Let me preface my remarks here by reminding you of the terrible advance/decline and new high/new low ratios over the past year. (Thanks for your regular posts of these data.) As you know, many stocks have been in a bear market for some time, having declined 20 to 40 percent or more.

I'm praying for that extra little drop that puts some of these down-trodden stocks (and bonds too, for that matter) in the "bargain basement" level that I just can't refuse. So, do I add? Not quite yet, but my trigger finger's getting itchy.

Best wishes,

I2