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

To: CommanderCricket who wrote (696)	3/1/2001 2:32:40 PM
From: kollmhn	Respond to of 23153

Commander & telemarketer It is a natural urge to try to catch bottoms. Why? Because we have visions of Sugar Plums when we think of the superior % gains that can be earned rather than buying after they've finally moved (for a good reason). Yes, OSX and E&P was a lot easier a year or two ago, because there was a good solid fundamental reason to own those stocks. What was it? It was that the business was going to get much better. Wasn't any doubt about it. All one had to know was which part of that sector was going to be first out of the blocks (drilling versus construction , i.e.). The rest was a cakewalk. With the techs, the concept is the same except it's in reverse right now. The story is that business is getting much worse. So, why go long a stock attempting to guess when the busines will turn back up, if the guys that are running the business don't even know the answer (at least that they'll tell us). Knowing which sector is impacted by another is the secret to getting the right investment sequence, when the turn does come.