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To: Boplicity who wrote (8622)1/8/2001 12:45:30 PM
From: Boplicity  Read Replies (2) | Respond to of 13572
 
Dear Thread mates, There is way too many bombs left in the market, plus the volatility in both direction that can change at the drop of hat, that this investors has been turned into a trader. I have never been much of trader. I'm more of trend follower. It's important to stay in tune to ones investing temperament. So, last Friday and this AM, I back out of the market to 50% cash. Even if the bottom is close at hand, the market is not showing itself to me to point where I can see what sectors and what stocks will out perform and what areas are still overvalued. You can own the best run companies, with ability to navigate through the economic slow down, but if the market still perceives those as overvalued you are going to end up with dead money or worse a ticking bomb that will go off when littlest flick of flame is applied to the fuse! So until I see the white of their eyes, I'm going to go back to watching and plotting.

Greg