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

To: energyplay who wrote (7560)	9/8/2001 5:05:03 AM
From: Ditchdigger	Respond to of 23153

Mutual fund redemptions...Good ole Cramer<g>..Many of these larger funds are sitting on a lot of cash, Janus for one. Also something to consider, many have already done the bulk of their selling, again Janus is a good example, dumped EXDS,HLTH and a few other tankers..Fund tax loss selling may be about over at this point for many funds.I'm slowly shifting to Naz stocks, EMC,ATML,JAGTX..and of course holding gold Pamp bars and assorted bullion<g>. My thinking tells me the "late to the party" Naz shortsellers may pay a hefty price..IMO, the Naz is about washed out, regardless of the valuations..The Dow on the other hand, still has a bit to go. As to semi orders, I think one should consider Best Buys latest releases.. "Thursday said second-quarter earnings will far exceed Wall Street forecasts because of robust sales of DVD players and digital televisions and cameras." dailynews.yahoo.com Christmas is around the corner, perhaps PC sales will stay flat, but I think some of these new fangled gadgets may have some reasonable sales. I also think that some of the overhang flash inventories should be eaten up over the holiday months...I for one am looking for a reasonably price digital camera...any suggestions or opinions on them? TIA..DD PS: Cord wood here in Vt. is selling for around $140 this year,historically high. Perhaps a leading indicator for NG prices?<g> Janus enterprise fund manager comments "The culprits for the fund's steep losses this year are a range of high-flying tech and biotech shares that investors have pummeled. For instance, Exodus Communications (Nasdaq: EXDS - news) is down a gut-wrenching 94.6% so far in 2001. Manager Jim Goff sold that stock recently, characterizing it as a ``massive mistake'', but not before considerable damage was done to performance. Two other stocks that wrought havoc on Enterprise were McLeodUSA (Nasdaq: MCLD - news), a telecom-service provider, and Metromedia Fiber (Nasdaq: MFNX - news). Both of these stocks are down significantly this year, and even though Goff thinks each company is the best at what it does in its industry, he said it was tough to justify keeping them because they hold so much debt and the markets for these industries may continue to stay weak." While the funds are still aggresive, many of the dogs they were holding have already been put down.