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

To: excardog who wrote (2714)	4/2/2001 6:18:02 PM
From: Second_Titan	Respond to of 23153

Shoulder season maybe alot bloodier than I was hoping for. Luckily I offloaded some recent buys on Friday for a small loss. Still holding onto more than I would like with the overall market looking bleaker and bleaker. I am about 35% cash with no intention of adding anything in the patch for some time. Unless it is an extreme bargain and suddenly the economy looks to be turning the corner. Perhaps the cash will be better served waiting for the nazdaq to reach the year Magna Carta was created.

To: excardog who wrote (2714)	4/2/2001 6:37:46 PM
From: Telemarker	Read Replies (3) \| Respond to of 23153

Is it safe to come out now? Sure looks like things have gotten somewhat ugly, and that the rotation game may have ended. My gains from several weeks ago (the RD/Barrett week) are now but a distant memory. Still clinging to a 3% gain for the year, and grateful for that. Saw the largest drawdown I've experienced in 18 months - about 9%+. Got stopped out of a wholelotta stuff and made the difficult decision to exit all international equity positions at least temporarily. Now sitting about 1/3 cash, 1/3 high yield equity stuff (it's been saving my skin) 1/6 patch and 1/6 precious metals miners. One holding that stands out is HDWR. May be worth a look for those interested in the coal/synfuels area. Selling at about 9X management's earnings estimate for this year, and they're talking about 30% profit growth for the following year. Coal sure seems hot these days, feel like I really fell asleep at the switch on that one! Seems that nobody bothered to tell the natgas traders over at the NYMEX that civilization as we know it will soon end. Crude not lending much support thus leading me to question how long $5 can hold. WRT HECO, management really slithered their way to some big payday. PRS took them out at about $4-5 less than I thought the company was worth. Seems that much of the difference went to management via bonuses and parachute payments. Oh well, I guess if you buy 'em cheap enough you can still make a few bucks when mgmt. screws you good. Techs continuing the march towards somewhat rational valuations, although they've still got a ways to go, IMO. Has the average Joe about had enough of tech yet? Until I can answer that question with a resolute YES, I'm staying clear. Any opinions as to wether the price pendulum will need to swing to the undervalued side (and how far) before things are resolved? One just can't win by overpaying - a simple concept that so many seemingly still refuse to acknowledge. The field reports from Home Depots and Circuit Cities seems to comfirm what the media has broadcast: Real Estate is hot and electronics are not. Perhaps they've started putting those yellow "Cost per year to run" tags on other stuff besides refrigerators? Hope everyone has been enjoying life and "staying whole" <g>. Best Regards