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To: paul feldman who wrote (58131)1/7/2000 3:50:00 PM
From: The Ox  Respond to of 95453
 
Taking some profits in the patch today. Keeping the majority of my long term stock but today looks like a nice time to store some fresh powder for the next big dip.

FWIW,
Michael



To: paul feldman who wrote (58131)1/7/2000 3:55:00 PM
From: SliderOnTheBlack  Read Replies (3) | Respond to of 95453
 
<The "rotation" will not last. We saw it last April-May.>

Paul; it won't last if the Nasdq & Dow hold firmly here as there will be no reason to continue to rotate.

Does anyone really expect us to move against this:

1. Allready acknowledged "disappointing" - "trough" earnings from the OSX coming in weeks.

2. Crude retracing

3. Poor winter weather for heating demand - Nat Gas Prices retracing and not much time left for Winter to arrive...

4. Dow & Nasdq recovering and regaining momenteum ?

5. OPEC - March meeting; will they , or won't they ?

Still looks like a "trading game" where margining the bottoms & selling/taking profits at the first hint of turning and continually rotating to laggards remains the game...

If I was buying with new money - it would be for trading the mo - and selling at the first hint of weakness, or buying the laggards & doing it asap.