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Strategies & Market Trends : Range Bound & Undervalued Quality Stocks -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (4725)	8/29/2001 10:56:46 AM
From: Larry S.	Respond to of 5499

bwac, nothing will change till the psychology changes. now the psychology is market is going down, economy is going into recession, everyone will be laid off, budget surpluses have disappeared. when some good news comes out, and is matched by some other, sentiment will change. when it does, it will be witha BANG. until then, it is down down down. don't try and make sense of it, and don't fight it. larry

To: BWAC who wrote (4725)	8/29/2001 2:44:03 PM
From: Dave	Read Replies (1) \| Respond to of 5499

GTW lays off 25%, isn't making a profit, leaving overseas markets and Europe, and up 15 cents. DELL makes profit, kicking the industry's ass, generating huge amounts of cash flow, is the now dominant force in computers to the consumer, to business, to schools. And is selling off 50 cents. Yes. Buy low and sell high. Dell and Gateway manufacture and sell virtually indistinguishable products in a stagnant commodity market with a piffling barrier to entry. Right now, Dell is at the top of its form, and Gateway is sputtering. Dell has a market cap of $68B, Gateway $2.7B. The market is now Gateway's to win and Dell's to lose. Selling Dell and buying Gateway makes some sense if you're a trader, and you want to speculate. But if you're an investor, you'll probably avoid both. Dave

To: BWAC who wrote (4725)	8/29/2001 8:41:45 PM
From: John Curtis	Read Replies (1) \| Respond to of 5499

BWAC: Well stated, and it comes to this. Remember the mania period of 1.5 years ago, where everything was soaring to the sky, PE's in the stratosphere and yet the buying continued while every shortster in sight was getting routinely creamed? Positive emotional momo, pure and simple. It took the short side a looong time to stop stepping in front of that train. And now? Now the tables have turned with a vengeance, the baby, the bath water, the bath tub, the sink, spigots and stoppers are being thrown out the window and now the angst is fueling a tearing down of the house as well. Negative emotional momo, pure and simple. It should come as no surprise the bulls have had just as hard a time learning not to step in front of this train as the shortster did in earlier times. Even so.....every cycle has its end, and though we cannot say exactly when this one will complete still, the better named equities are clearly wrung about as far as seems possible, so beginning the averaging in "buy low" process with expectations of having to hold for a time, but a profitable time at least, may be appropriate now. Just be prepared to hold for an extended time. IMHO, of course. Regards! John~