To: straight-->arrow who wrote (119268 ) 12/17/2000 4:29:35 AM From: Jenna Read Replies (1) | Respond to Sometimes They DON'T come back "Sometimes They DON'T come back" "The Ship of Fools" propagated by "20,000 Leagues Under the Sea" noises that we have reached a bottom 3 weeks ago by brokerages, money managers and mutual funds. We were short a dozen different companies and made quite little basket of money.. than we were long on the rallies of some of the TIBX-style stocks, made our money and then reshorted the rallies when they showed signs of 'short term overbought'last week, while those in MOT (those that weren't stopped out from 20 to 16) are back exactly as they were on November 30. "Apolcalypse Now" we were playing "How to Be a Millionaire" on the short side. And if I decide to buy MOT say NOW at 20, I'd pay the same as you but in the interim my money worked for me while yours was either stopped out or went exactly back to your buy. On some level a lot of posters who are talking 'buy quality' are desparately in those quality stocks before they reached their bottoms and would say just about anything to get their investments back to break even. But we don't want to be "Shafted" by upgrades, stock picks by the Mutual Fund Managers. But we'd rather be playing "The Price is Right" and get the best bargain we can."Bedazzled" by one day or 1 hour rallies. We wait until we see a LASTING change of trend rather than just a "Bounce". When that happens we'll buy our 'quality' but until that time we sure as heck will be be making money on the short side, on the long side, while investors are still playing "The Crying Game" amongst themselves.
