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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: Ken Adams who wrote (14250)	1/1/2001 12:30:47 PM
From: Ken Adams	Respond to of 39683

All, Here's something I just picked up from the "Swingtrader" thread and I thought it appropriate for us. This is from Alan Farley (Trader Alan, and the operator of The Hard Right Edge site): "One clarification is important. That is understanding the difference between a bottom feeder and a value investor. Bottom feeders lose money in bear markets while value investors can make a fortune. Bottom feeders accelerate market declines by undermining legitimate buying power. Value investors help create sustainable bottoms through their understanding of the fundamentals and their endless patience." Makes sense to me right now. Ken

To: Ken Adams who wrote (14250)	1/1/2001 1:55:36 PM
From: Dr. Stoxx	Respond to of 39683

Ken, it was my best trading year, but like you I also got clobbered in my IRA's and mutuals. I'm in a junk bond fund (use it as a kind of "savings account") that is at a 5-year low! Fortunately, I read last night that Buffet is now buying junk bonds, so hopefully I will see better times there. TC