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

To: westpacific who wrote (96368)	4/13/2000 4:14:00 PM
From: swisstrader	Read Replies (1) \| Respond to of 108040

west: I agree, just don't want to see people panic out of LT positions and then regret it just days later...hindsight from 2 weeks ago would have been terrific 20/20 today, but to sell in the next few days would be tantamount to financial suicide (i.e., most of the bloodletting has ALREADY taken place)...best, as you suggest, is to hedge with short positions on the day vs. longs and holding long what you truly believe in.

To: westpacific who wrote (96368)	4/13/2000 4:26:00 PM
From: SirRealist	Respond to of 108040

Agreed west. I went to 100% cash last Friday after warning of an April crash since Feb. Today was my first reentry and I will be back to 100% cash at the close of Friday. My idea of a "long" is 2 weeks. Get no tax breaks, but the gains more than offset that. Last fall had a high # of quality tech that are going through lockup traumas now. It will pass. We may not see another 99, but 2000 will prove 2nd best before it's over. The shrunken techs will merely be acquired. There are many at bottom now that will rise to greatness yet. Just consider how big ISLD truly is for an example of an oversold stock. As soon as it passes its final lockup release in mid-May, it will not revisit these lows again. I hold IDC, IISX and SQST overnight.