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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Voltaire who wrote (10383)	10/30/2000 8:31:48 PM
From: limtex	Read Replies (2) \| Respond to of 65232

Vol - Well you have tried hard ot keep everone's spirits up for over 6 months but we have now it seems to me to take a look at the landscape. It is now crystal clear that the policy of hanging on or in has been an unmitigated disaster the end of which we haven't even seen. This is the worst crash since 1974 and possibly this century. It odesn't look at all like it but for the popular stocks it has been so. We have in Mr Greenspan someone who I feel despite his oft repeated denials has targeted the NAZ and by an interest rate regime that is too tough too long. He shows no sign of making any concessions here. Day after day, week after week we have watched as warnings lead to a cutof 50% in a stocks value and exceeding the estimates quite often leads to a sell of too but all too oftern means nothing to the stock. QCOM is gonig to be another example on Thursday. It might hang in till Thursday night but then A/H after the anjouncment it will tank likethe others and thats inthe unlikely event that is makes the estimates. It should have been out in July/August. Not in March or May. To have ignored those drops would have been understandable but July August should have been get out time and don't get back for a couple of years or more. This is no ordinary crash. It is becoming clear that it is one of those once in a lifetime affairs that someone mentioned on a thread last week. Barton Biggs will probablyturn out to be right when he predicted NAZ 2,500. Best regards, L

To: Voltaire who wrote (10383)	10/30/2000 8:39:52 PM
From: Venkie	Respond to of 65232

geocities.com

To: Voltaire who wrote (10383)	10/31/2000 5:50:29 AM
From: Clappy	Read Replies (3) \| Respond to of 65232

Like I told someone today - The sad part is there are a lot of people out there that have cash and will not put it to work until stocks have risen 50%. For some reason, I don't think those people are here on the porch... Seems like a lot of us have been fully invested since the 2nd time the Naz came off the bottom the other week. Perhaps most have been tapped out even earlier than that. I agree it would be nice to be able to buy in here. The hardest part is being able to keep enough reserves until we find the bottom. I'm not sure that is a lesson we have learned, yet. Poor Keith would sure be a lot happier if he could figure out that one. I'm guessing he buys when you buy. What he/we doesn't realize is that you are not spending your last dime, when you say "We should be buying in here." You and RR always seem to have a nice portion of your funds in cash. I think this is something that most of us do not realize. Perhaps it is a major reason for some of the confusion around here. Our old Porch thread consists of whiners who never realized this. I'm assuming those who are whining here, may be experiencing the same problem. The trick of this whole mind game appears to be the ability to always have some money on the side, regardless of how low the market goes. I think we should discuss this topic more as the market heads back up. -ClappyTheStudent