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To: Roger Hess who wrote (3765)4/11/2000 4:53:00 PM
From: Brian Malloy  Respond to of 6531
 
Recognize that the further we go into April and definitely by MAY the higher the chance of a real Market wide sell off, due to seasonality. Over the long term, 30+ years, probably 80% of the time or more this has been the case. One would think it to be the case now, but this market is trading so weird that it could be an exception.

The perma bears will attempt to confuse the issue and convince everyone that we are entering the bear market of all bear markets, a black hole from which mankind can never escape, they lie. It is seasonality to proven otherwise and you must exploit it just as you exploit the run ups.

In the recent past, three years, the DOW and old economy stocks perk up in the spring then fall never to do much of anything. I think the DOW is having another sucker rally. Techs pick back up in the Fall and extend their gains.

You may want to consider raising some cash or even putting on some put positions or some type of protective strategy if you are getting worried.



To: Roger Hess who wrote (3765)4/11/2000 9:00:00 PM
From: Keith A Walker  Respond to of 6531
 
Roger, I hope you have come to this realization by now: markets only care about expectations not reality.

That said: Should we start buying Dogs of the Dow stocks? Hey, does EK sound like a good buy to you? I've got plenty of it. Not selling, but not overly enthusiastic - although, we do make good profits on film. Time to nibble, maybe. That Saudi Prince Whats-his-face is buying.

Cheers, Keith