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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: yossarian67 who wrote (92839)	4/4/2000 4:55:00 PM
From: westpacific	Read Replies (3) \| Respond to of 108040

"My account at one point was 30% of it's highs, but it never dipped enough to wipe out anything but March's gains" BSIM - not picking on you here. Just want to point out that this is what I don't like about this market, still great profits built into peoples holding. At this point many are in a hold move, but if we get another major move down the selling could accelerate. This is the big unknown, yet I feel it is prudent to be aware of this and ahead of the crowd. This coming several trading days will only offer an opportunity to pull some money out of the market and develop more cash holdings. If the market sees anymore large corrections then we could see major selling pressure from mutual fund holdings. Many of which saw 150 to 250% gains last year - that equates to a lot of profit still out there. Not trying to sound so down, just be the devils advocate and be sure people are thinking in a sane matter. My attitude is I gave up some profits from an incredible market last year. Want to protect what is left and then be in one heck of a great position to participate in what could become a killer market entry! Trade but protect capital. Money will not be so quick to jump back into this market.