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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Larry Brubaker who wrote (5093)	9/15/2000 11:22:05 AM
From: Sam	Read Replies (1) \| Respond to of 30051

Larry, Thanks for pointing to Bill F's sage words on SCI. However, in this case, I think he heard what he wanted to hear (though it is always possible that I read and believed what I wanted to read and believe!). SCI has been a company in trouble for awhile now. Maybe they weren't telling the truth about the breadth of their problems, this is always possible. But I didn't hear from SLR what Bill heard, i.e., confirmation of deep troubles in ECM land. And while I do believe that there is a slowdown in growth going on, and this will impact profits at many firms, it doesn't yet trouble me particularly. Some of the companies that I invest in are having trouble meeting demand right now, so the slowdown (the one that I hope is coming anyway--a mild and not very extended one) should help them, and others are in transition phases, which, if they successfully negotiate the transition, should mean that they will find pent-up demand on the other side of rainbow. I'm not a trader like Zeev, I'm more intermediate and long term oriented; as painful as that it at times, I find I can live with that kind of pain more easily than the whiplashes that day-to-day trading often inflicts. But we'll have to see. One of these days, Bill F. may turn out to be right. I tend to agree with Zeev that we will see a wide and extended trading range in the broad market averages over the next few years, and within that range, there will plenty of opportunities for everyone to claim some validation. Sam