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

To: Boplicity who wrote (20425)	11/29/2000 9:17:17 AM
From: edamo	Respond to of 65232

greg...."tops and bottoms" this time a bit more difficult to call a bottom, due to incongruous events. normally bear markets end in the worst of times, with rather poor investor psychology. we are faced with the not so bad of times, an overabundance of news and media whipsawing opinions and a breed of investors both retail and institutional who are tremendously disconnected from the reality of business. the past several years have made many fearless, inspite of portfolio decimation. monies still being added by employers to retirement plans, so in essence you have an investor who is acting as a mini mutual fund manager in the sense that more money will eventually flow in for new investments. prior psychology was driven by the fact of an investor losing his capital and not able to raise more. tremendous pressure building on the sidelines... next sixty days will tell the tale of perhaps a rolling bottom in lieu of historically required capitulation.... good luck ed a.

To: Boplicity who wrote (20425)	11/29/2000 9:39:32 AM
From: Ex-INTCfan	Read Replies (1) \| Respond to of 65232

Look at this -- CMGI almost in single digits -- down from a high of 163.5. Good case for diversification for those who like to own one or two stocks. INTCfan

To: Boplicity who wrote (20425)	11/29/2000 9:51:09 AM
From: Ex-INTCfan	Read Replies (1) \| Respond to of 65232

Here's one Greg -- sentiment. Recall February -- things couldn't have been better. Everything was going up -- briefing.com said it was like groundhog day -- every day the same thing -- new highs for almost everything. That surely was the time to sell. Now, things are dire. Fortunes have been lost. Greenspan refuses to go to neutral. The economy is slowing. PEs on quality growth stocks are down to the area of earnings growth rates. There is no chance to sell a stock at a profit if you hold it more than a day. There are no areas of safety. Does this sound like a time to sell? INTCfan