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To: jim_p who wrote (64950)	4/19/2000 10:38:00 AM
From: jim_p	Read Replies (1) \| Respond to of 95453

I just got back in on OXY $20.25. Hope I get to hold it longer than last time. Jim

To: jim_p who wrote (64950)	4/19/2000 11:00:00 AM
From: SliderOnTheBlack	Respond to of 95453

o/t tech article - <<Jim Jubak column - TSCM & MSN: moneycentral.msn.com Too early to buy Realistically, however, the duration of the average bear market of the past argues against it. The pattern of declines and rallies during the development of a bear market argues that the next surge upward will turn out to be a failed rally within the context of a continuing bear. Moreover, the calendar -- we are entering the traditionally weak summer season for technology stocks -- argues against a quick, lasting rally beginning in May. The recent bad news on inflation, and the continued likelihood of a 25-basis-point interest-rate hike in May also argue against a quick bottom. So I'm going to plan on a bear that stretches until September, when I think the traditional return of Wall Street to work after a summer on the beach, plus enthusiasm over the traditionally strong earnings for technology companies in the third and fourth quarters, is likely to end it. Earnings, after all, look good this year in the sector, and at some point that will start to count. I'm going to treat the next rally from these levels as a chance to do some selling to remove weak stocks from my portfolio -- stocks that I think will be late to recover when the recovery does come, and stocks that I think I might be unable to hold through a long correction. No wholesale selling, but a definite move to raise some cash to use later. Jubak's Archive -------------------------------------------------------------------------------- Recent Jubak articles: ? Is tech investing dead?, 4/14/00 ? How to handicap B2B winners amid the chaos, 4/11/00 ? What to do when your timing stinks, 4/7/00 More? And I won't consider this drop -- or probably the next one, either -- as a buying opportunity. Prices are likely to go lower from here, even for great stocks. Momentum and sentiment both favor the downside currently. I have a strong faith in my often-demonstrated inability to pick a bottom, and I'm not trying to call one here. I don't know whether the Nasdaq will go to 3,000 or 2,000 before it finds a bottom. I simply think it's too early to buy here.>> Interesting... I will not get toally shaken out; I've picked up some nice initial entries in core companies - made a real nice pop; not chasing anything - but; I'm holding 1/3rd of what I bought LT - not missing a 1998ish turn & run again. Can allways add later... WG - was a nice little buy; it's a net asset value buy here sub $5 - good co, tough niche - later cycle will be $10; worth nibbling - jim, dont think you see $4 with that strong & quick buying support today off of a nasty miss. Good balance sheet - and look at insider buys; easy buyout play perhaps as well; ala~ IIR, you wake up one day and WG gets taken out for a 30% premium - could happen; they have the net value. Good stock to put in the small cap basket and just hold for late cycle appreciation. - throw some sub $5 shares in with UFAB FGH GIFI etc.