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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: cnyndwllr who wrote (77)	2/22/2001 8:44:39 AM
From: jim_p	Respond to of 23153

Ed, The good news is over 90% of the trades in Hedge funds are computer originated with indifference to long or short positions. With hot money now flowing to long-short funds (short funds), and 6000 hedge funds with $400 billion of unleveraged computer driven money, we can expect market extremes to be both shorter in duration and more extreme to both the up side and the down side than we have seen in past market cycles. Since you and I have a brain, this is good news to me. The smart investor who understands the impact of the dramatic changes that have taken place in the market place can capitalize on the expected results. Just think about the effects of: 1. On line stock trading 2. Day traders 3. The immediate access to information and the sharing of that information in places like SI and Yahoo. 4. Money now flowing into long-short funds (these are really short funds) 5. The exponential increased use of hedge funds that have an indifference to market direction. It's not fun to lose money, but one can not afford to not be fully invested in this market. When this market turns, you will not be able to re-invest fast enough. I don't plan to be able to pick the bottom, but there are great stocks selling very cheap that I plan to continue to average into on the way down. I believe we are very close to a capitulation in tech. My plan is to set my buy orders lower and lower, so when it occurs I will be more than fully invested for the ride back up. Good luck to all, the end is very very near. Jim