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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Seeker of Truth who wrote (5555)	7/4/2001 11:28:39 PM
From: MeDroogies	Respond to of 74559

I'm happy for Jay. But as I've written before, I'm not a market timer, never will be, and make my decisions based on company fundamentals with an eye on general economic conditions. Timing the market is a failed strategy for most people who engage in it. Those who are successful usually have information most of us don't. I've not ever gotten an anticipatory comment from any CEO except a friend of mine in a recent startup. His have been remarkably good. To the point of "hinting" (didn't actually give me information or tell me to) I should sell his stock. I probably should have. But I held because I trust him implicitly and know he will do the right things in the long run, which is what I'm concerned with. So far, he has. I've never heard any general CEO comments in recent memory that said the next half is going to be great, but many have said it will be better. I expect it will be better, when you consider relative conditions. Great? I think that's expecting a bit much. Worse? Possible. Not likely. One interesting piece of personal information - I'm about to improve my cash flow dramatically by refinancing, and I'll be taking a good piece of change out of my equity to upgrade my home. When deciding which parts to focus on, I consulted with my friends in contracting. Apparently, this is a common theme. Most of them suggest waiting to do the work until the end of the summer, when they think most people will be done refinancing and having work done. Doesn't sound like much of a slowdown, or lack of confidence. Then again, my friends in the San Fran area are all poor mouthing right now. I guess they have a good reason to, though.