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To: MulhollandDrive who wrote (2013)1/6/2000 6:34:00 PM
From: DownSouth  Read Replies (2) | Respond to of 10934
 
Betty, I am not "trading". I am investing. My Gorilla portfolio will be just fine in a few weeks or months. This downturn will give me time to read and learn. All I need to do is take a few bucks out each month for groceries.

I know you are just teasin', but I thought it might be important to share my attitude here.

Fortunately, I do have enough experience and confidence in my decisions of the last 9 months or so not to panic.

Could be that this selloff will pre-empt Fed rate hike decisions and we will blow out the numbers this Spring.

Have you read Voltaires post?

To: Gregory Mullineaux (60110 )
From: Voltaire ( Ignore ) Thursday, Jan 6 2000 3:03PM ET
Reply # of 60269

I know I said I would not post again today but I can not let what I am witnessing just pass.

Is there anyone on this thread that truly believes that what is transpiring in the markets is truly an equitable sector rotation? God help you if you do.

This obvious scheme of the Houses is the greatest hoax ever played on any group of people past or present.

Let me ask you a few questions and then I'll move along with my petty suspicions.

Where do the Houses make most of their money? If you said the purchasing and buying of stocks you are wrong.

Ans. Their Mutual Funds my friends, their Mutual Funds.

How many do you think there are?

Ans. Yep, thousands. Just check your newspaper.

How many are flat or down for the year?

Ans. About 60%.

How many investors do you think are disgruntled and could possibly pull there money out and put into tech stocks or the only viable funds today, Tech Funds?

Ans. Millions

How do they correct this possible calamity.

Ans. Accentuate the negative about interest rates, bond yields and the disadvantage of what? Owning tech stocks.

Which stocks do you think they believe will out perform this year?

Ans. Yep tech stocks.

Which stocks are they scaring people out of?

Ans. - Tech stocks.

Which stocks of theirs are hurting?

Ans - Non Tech and staples etc.

Best of all - Kill two birds with one stone. Get people to buy their under performing crap and stabilize their funds and buy the tech stocks at bargain prices.

Now before I leave, let me ask you this. If higher interest rates are the on coming problem, WHY ARE THEY HAVING PEOPLE Buy CATIPILLAR? And how bad are interst rates? The bond yield is only .11 of a percent higher than in that awful month of Oct.

Think about it!

Voltaire

P.S. - How long did the last rotation last? Right, only long enough to pick up the only value out there - STOCK LIKE YOURS.



To: MulhollandDrive who wrote (2013)1/7/2000 12:05:00 AM
From: dwayanu  Read Replies (3) | Respond to of 10934
 
"Everything is AOK with Y2K", guys quitting their day jobs to trade stocks, and Abby Joseph Cohen broke the gavel opening the NYSE....I think it's time to go into panic mode<gggg>

<g> Actually, make that a <q> (slightly strained qrin :-)

Started Monday AM with 15% cash, no margin, portfolio with a balanced array of sound growth techs, figured to wait quietly until April or so major correction, then make a killing bottom fishing. Some options and stuff to keep amused while waiting.

"..and all the plans of mice and men gang aft a'glay"

Tuesday, lunchtime, NASDAQ down 150 or so, boss comes in, fighting to conceal a smirk, asks me if I've reconsidered my retirement plans. :-) He owns Iomega and Compaq, so I figure it's time to buy!

Ran out of cash Weds and went into margin. Get hate email from coworkers because I'm still walking around smiling (joke, the email that is).

Spent today buying, NTAP, SEBL, GMST, XLNX, some B2B's, up to about 40% of my margin availability (so my current holdings can decline 50% or so from here w/o a margin call).

Ticked because I wasn't able to watch the last hour or so, missed some better yet prices (tho I'm getting near my risk tolerance level here anyway).

FWIW, note CSCO/ORCL/SUNW (IMO the strongest techs) getting whacked at the close today. They're "last down, first up" stocks in a correction (I'm quoting from my broker, wiser than I), so maybe that was the bottom.

Personal theory, recent corrections last summer/fall, notice that they don't end until right *after* all us buy-on-the-dips types are all in. Then the solidest stocks take their obligatory dips, and we're done.

- Dway, standing tall and and laughing into the storm, fingers crossed behind his back.