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

To: Warpfactor who wrote (3290)	4/12/2001 9:28:28 PM
From: The Ox	Read Replies (1) \| Respond to of 23153

Hi Warp, I thought I'd crow a little while I can<vbg>. I had been sitting on 80%+ cash level for way too long for my tastes but it has kept me out of a lot of the carnage in the high tech sectors I try to follow very closely. I have been dipping the toes and feet in the water lately, or I should really say that I have started to plant some seeds for the future. I don't know what the short term future has in store for us but I can say that the long term future has been totally discounted for some companies. This is why I have started to put some money back into situations that look like they fit my seeding/quick harvest mold. My thinking goes like this, say company X has dropped 80% in the last 3 and 1/2 months without much of a rebound or DCB. Pretty much steady free fall all the way down. This company has been profitable or they have shown the ability to produce a high quality product (or products) during the past couple of years. So with the short term outlook dismal, with one eye on the overall market's daily reactions and with both eyes on the sector's weekly and daily reactions, I pick this company (that I've been following for a long time) that's rebounding, showing strength or 'looks' like it's going to move based on the data I've gathered. I buy a 1000-1500% position, with the intention of harvesting all of my initial capital as soon as the bounce has gained significant momentum. This style ,for the most part, only works during bear markets where the rallies are fast and furious since I'm looking for a significant % quick pop in order to 'reap' my harvest. With the large cash position, it allows me comfort to know that if one of the seeds starts losing ground before the pop, I can 'afford' the loss. Of course the key is not to pick losing positions, to choose selectively. Also, I'm not trying to make a killing, I'm just trying to get my initial investment out and leave a small investment which can grow or die as the market sees fit but I'm betting that more of the seeds I plant will make it. Being 6 for 6, I just felt like adding to the thread's discussion material. I don't agree with the assessment that the future for PCs is completely dismal. Likewise, I still believe that most people and businesses want a lot more bandwidth than they are getting right now, and for a lot cheaper than today's prices. I think we are still in the first inning as far as the internet is concerned and that the future will totally dwarf our current expectations for this unique value-added-system. I'll try to get my picks together by Saturday but I may not be in every category. Thanks for taking the time to track the contest!! Hopefully the thread can give you (and all of us) some solid ideas to investigate.