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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (1369)	2/28/2001 8:53:31 AM
From: JRI	Read Replies (1) \| Respond to of 52237

OT Scott, thanks for your thoughts and best of luck to you... (One comment: I know you have been extremely successful over the past few years, so who am I to propose investing strategies to you.........but I still do not think this is the time for buy-and-hold investing for many companies, and certainly not technology. I will not be buying-and-holding until I see much better chart patterns, with bottoms in place, for many stocks, not just certain stocks....Take a look at Qualcomm...one would have thought that the stock bottomed after the 2nd half of last year....Nyet....and hardly any stocks have a chart that looks as good as Qcom looked going into the last couple months. This is not your garden variety correction (obviously). The bubble was historic, and so, the ying-and-yang of investing would dictate the solution would be equally historic. Price-wise, given the historic drops of the past year, one might think that we are close (to a bottom). However, amazingly, we are still overvalued by most historic measures. Also, sentiment-wise, I just don't see it (a bottom). We still have some pain to go thru, I'm afraid. Buy-and-dip is still out there, and the speculation in the market remains rampent. Technically, also, the problem is there is a lot of air under many charts from 2000 down to 1600.....So 2000, 2050 are pretty big marker for sure.. No, I'll sit this out (buy-and-hold) until I believe we are out of a bear market. I don't think anyone would argue that we haven't been in a bear market (at a minimum, in the Naz).By definition, a bear market means we are in a down trend. So why do I want to buy-and-hold? (until I see the end of that bear market/downtrend)? Anyway, enough soapbox from me. Time will tell the tale. Continued good luck. As always, hope we both win.