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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (48892)	10/16/2000 8:07:54 PM
From: robert b furman	Read Replies (2) \| Respond to of 94695

Rule # 1 Must own everything for 12 months to use better tax treatment.These semi equip stocks have dips and pops. Buy on dips wait for pops - unless digital revolution stalls emerging new products and demand for increased IC production ensures sector's leadership will be great wealth creators. With wealth creation, stock prices will follow.Watch margin - don't get in trouble and buy when everyone is selling. Last qtr Sbse announced a short fall and the price of the stock got cut in half - 90 days later it had completely recovered and then split 2 for 1. I think it's important to be aggressive on "sale" or "bargain prices" and conservative as valuations get high. Good plan but hard to stay unemotional. In between HOLD WITH CONFIDENCE. What I find impossible to do, is hop in and out so nimbley - as I 've watched you study and learn to do very well. We each have our own style. As Bill says we must all do our own homework. I really do appreciate your keen daily detail! It just blows my mind how the total value of a great stock can be cut in 1/4 or 1/2 when the ceo says - we could have hit the sales number if we paid premium prices to our suppliers but we are watching our margins.Book to Bill expanded and backlogs are at a record. Panic ensues and sellers come out of the woodwork. These types of selling frenzies are emotional responses to a stock's price action.I think a smart investor must learn recognize these moments and adopt a contrarian viewpoint. 90 days later a really comfortable cushion is often enjoyed. One does have to be OK on accepting a long term hold philosophy however. Bob