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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: djia101362 who wrote (16929)	4/29/2000 2:00:00 AM
From: unclewest	Read Replies (3) \| Respond to of 35685

I'm going to have to disagree with you here. no offense taken...time will tell. 5 years ago this bear market would have taken 6 months but in today's market things happen alot faster. interesting...my long view..is long. not a few months...and i am normally a very positive person....very positive. i see some reason for concern and prudence here particularly in margin use...most of my investment group has been off margin since january...some got off in early march those who were not, got burnt...i can connect you with them to hear the stories...one is down over $10 million in one month went from 15 to 5. my neighbor and fishing buddy almost cancelled his new boat being built. still might have to. i know one regular poster on this thread who is down 4.5 million (5 million to 500,000)....another regular on the v thread went from 1.5 million to 500,000. both are well known and respected...i like their research too...but margin can be a killer long term. if you use margin, and the market and your stocks are topping and you do not sell....when do you sell? All of the money that was chasing the dotcoms to dizzying heights will now be chasing fewer stocks, namely tech stocks will solid growth and solid earnings. whoops!...we do agree after all...i said the correction is all about PE and P/S and suggested to watch both carefully on any buys. uw i believe v will agree...margin is a short term instrument...to be used sparingly on carefully selected opportunites only to enhance short term returns....should not become a habit. particularly when a top is clearly in place.