Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Eric Wells who wrote (110887)	10/20/2000 4:34:04 PM
From: Danny	Read Replies (1) \| Respond to of 164684

Eric, I never get out of the stock positions completely. So, in that sense, I almost always hold through the weekend:) But, I do see your point. I manage the situation like this mostly by stock/cash balance allocation. Today, I am 100% on stocks, but may sell some 15% positions tomorrow. If we get to 4000 level, I may consider a 35% cash position. As for mideast crisis, remember there is a possibility of war, yet there is a possibility of peace. No one knows for sure. Those "war is imminent" kind of posts are pre-mature. If we were at 5000 level today, I would definitely sell 80% positions because the upside potential of the market is not enough to compsensate even a 40-60 chance of war/peace (BTW, I was 50% in cash in March without any such negative sentiment in market). But now, we are at 3000 level, and I think the upside potential is enough to compensate even a 60-40 chance of war/peace. Even if war really breaks, doesn't mean all Arbas countries will take side with Arafat, doesn't mean economy will definitely go into recession in 2001. And my belief is still that the only thin this market has not prepared for is a recession. Anything else, 3000 level is a good place to be. One last thing, I think the only people who are nervous right now are those who hold all stock positions from 5000 to today. For some people who claimed to have shorted this market all the way to 3000, covered, now all on cash, give me one reason why they wouldn't want to put at least 50% of the cash into stocks right now.