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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (33200)	8/20/2001 1:14:33 AM
From: American Spirit	Respond to of 37746

Exactly. So maybe the right thing to do is not fight the crowd short-term but put some excess money in longterm tech bottom buys and just wait. Especially in those companies you're convinced will end up winners. Remember the tech revolution is not going to die, despite our current president's ignorance of it. I do more and more business on the internet and so does everyone else. Right now computers and everything else are cheap to buy but that may not remain like that for more than 6 months or so. When all inventories are finally burnt off prices will snap back. I'm not saying the economy will be much better but profits will be, on the backs of laid-off workers mostly. If I had to buy three right now I'd pick AAPL, EMC and NOK, but that's just me. Plenty of others out there. And maybe the most beaten down the better investment, even though some may go bankrupt if things don't improve within 6 months. If you want "safer" stocks oil and gas, popular retailers and momentum brands like SKX might not be a bad way to go. One thing I wouldn't do now is buy a house. Home prices have not come down at all and they might be overdue for a correction despite low mortgage rates. Always do the opposite of what the crowd is doing and then wait. Not that I always follow that advice myself but it's often the best way for stellar gains. (Ps - don't follow my finacial advice, gg)