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.

Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (34673)	11/13/2000 11:20:04 PM
From: Seldom_Blue	Read Replies (1) \| Respond to of 54805

As far as what is happening with the market now, it is leaving or has left the demoralization stage of bear market (naz) is now well into the panic stage (which I'm very happy about). I'm not at any stage really. I'm just following how I believe the market is moving using my past 25 years of watching the markets and making plans of action to be ready when the time comes to put funds to work. At what point do you see the final stage(s) of the bear market? NAZ at 2500, or 2800? What are the signs or technical indicators you are looking for? I am somewhat prepared for this and I still have some dry powder left. Just looking for other opinions on when it is time to buy again. Personally I do not feel or see enough pain to start buying again. Seldom Blue

To: Boplicity who wrote (34673)	11/13/2000 11:35:00 PM
From: Mike Buckley	Read Replies (1) \| Respond to of 54805

In fact the Last few years could of been a market of a life time. I'd like to emphasize Greg's comment. By almost any measurement, the last five years of the previous decade was unprecedented over a period of time spanning many lifetimes. That doesn't mean it can't happen again. In fact, we could present some fine arguments that it could happen again. But until it does, that unique five-year period is certainly the market of a life time. Why is that important? Awareness of the unique nature of the period makes the imperative need to sharpen our investing skills more evident. Regardless of how successful we were as investors, a tremendously important factor of our success was that we were fortunate to be investing during what was arguably the easiest five years in the history of investing. Remembering that the Nazdaq increased about 125% in the roughly 15 months beginning in January, 1999, that might have been the easiest single year to be highly successful over the short term investing in high-tech stocks. Increasing our net worth in the stock market probably won't be that easy for the rest of our lives. --Mike Buckley