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Strategies & Market Trends : Z PORTFOLIO -- Ignore unavailable to you. Want to Upgrade?

To: DanZ who wrote (5520)	10/21/2000 4:25:16 PM
From: Susan Saline	Respond to of 11568

ron should undersand the fundamentals better than any of us, with his background. But it is what we as investors are NOT told about a company's fundamentals that can be the real cause of a bad chart The charts of aam olm/aac mfn are so similar and if I recall on the thread, writers had really no clue that the fundamentals were so bad till they became penny stocks and some are no longer around at all. The fnv will likely have another burst of upward movement ... as it has done for the past several months, but it slowly drifts lower after these upward pushes. It is so so hard to sell these bursts because the 'hope' factor comes into play ... and one hopes for the trend reversal ... and maybe one day it actually will happen. On the other hand ... selling off a pc. of fnv (enter any bad performing stock here as this happens to so many) on one of these bursts and putting the funds into a stock that is already doing well in one's own portfolio may be a way to lessen the share amount of the poorer trending stock. I have my fair share of dog stocks myself ... and some are 3 to 5 years old, no backruptcy is in sight for them ... they just do nothing and make no money for me and ate up a lot of equity. This is the reason I personally need to figure out some way to expell losers and to decide upon which point to exit Dan ... u wrote about funds taking a loss on a certain percentage fall ... a funds 'rule' for themselves. We could probably all benefit from something of this type of rule. My own is most successful if I do it the same day I buy a stock. If it closes well it is a keeper If it appears to close a losing position for me right off the bat .... I tend to want to exit and look for another re-entry the following day or next but the longer one keeps a bad trade, the harder it is to exit .... that damn 'hope' factor comes back into play

To: DanZ who wrote (5520)	10/21/2000 4:59:55 PM
From: Kelvin Taylor	Respond to of 11568

<<edit: forgot to add the chart: finance.yahoo.com Dan, This is not an attempt by me to "teamup" on you or Ron on the discussion of FNV. But you mentioned "it would appear that the market is discounting a cut." What would happen if FNV did do that? Or maybe a better question is what change in fundies would have to take place to change you mind about holding FNV? Speaking of charts I plotted FNV and the listed companies in the same industry(didn't include BCL because of low trading volume). Three of the companies have 9% yields and are up over the past year. Despite FNV having yield of 19% the chart is showing a rapid decline with no support level what so ever. Is the market trying to say something here? Earnings are, according to the Yahoo Research page due out on Nov 14. If the company disappoints or preannouces bad numbers how would that change the equation? Please don't take this as a Me knows better than you statement. Just frank and open opinions on the issues. :)