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To: jhg_in_kc who wrote (2047)6/16/2001 12:12:58 AM
From: Sig  Respond to of 13815
 
<<<I agree the market, and owning stocks, is no longer enjoyable. What especially worries me is that if enough people feel that way, we won't ever be able to have a strong bull market again.>>>
1. If I was just a trader , I would have to give up playing the market except perhaps a few days a month
when something good comes along.
2. It seems all the past boomers get killed trying to move back up. I attribute that partly to the many options available that negate a manipulators need to own the stocks. And to the fact we are being played with because
THEY know we are inclined to remember the good days and will try to get back in.
Therefore I have sold intc, msft, qcom, glw, plcm and many more and will try to avoid any enthusiasm for that type.
3. I have to buy a lot of different stocks to find a good 'keeper', of which I have perhaps 4.This is the best two weeks of the year for me because in three months they are up 200%, 70%, 66%, and 4 %. But my gains are far less because I keep buying them as they move up.
I will only mention a few: (I have a red thumb, if I mention a stock it tanks)G.
Taro: I have been stopped out of this stock 3 times including today. Bought her right back each time.
Bgt 1 set of calls for a 500% gain, 1 set for a 100% gain.
So despite many mistakes, I am still ahead, still in it and its still perhaps moving up
It has the type of curve I like.
Thqi: This also has a good curve. I got stopped out today but consider it worth another ty
PBI: This up only 15% so will wait and see before buying more
Summary:
My best stocks have no options, and practically no analysts opinions. Wouldnt know about enjoyment.. its a lot of hard work but it is SWEET revenge to own something that cant be cranked around by market manipulators. Are these buy and hold stocks.? I dont know. If we did know for sure at any time we would be rich
as sin, instead of still working.
I think we will find the most enjoyment (and perhaps gains) in stocks that are off the beaten track, as opposed to those choked by analysts comments.
JMHO
Sig



To: jhg_in_kc who wrote (2047)6/16/2001 1:08:56 AM
From: Boplicity  Respond to of 13815
 
I have no idea if it will take years like you are saying, but we are coming up to the moment of truth rather quickly for many stocks short term. Many stocks are with-in spitting distance of making double bottoms. CSCO, JNPR, QCOM, SEBL, EMC... There is real weakness in the core of the naz. The acceleration of the selling in MSFT is most damaging. Today's action was actually bad when you get down to it. Whimpy buying that did nothing but remove the over sold condition. Not nearly enough vol. to cause a wash out. All of which is setting up the market for more downside.

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