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

To: Tommaso who wrote (8333)	9/20/2001 7:12:09 PM
From: kodiak_bull	Read Replies (1) \| Respond to of 23153

T-- Say it ain't so!! You said, "One of the larger mistakes I have made recently was paying any attention to that VIX thing." You must have been watching a different VIX, or you meant to write "not" between 'was' and 'paying.' :^-) stockcharts.com[m,a]daclyymy[pb50!b200][vc60][iUb14!La12,26,9] As you know, when the VIX gets "high" it's time to buy. But the answer is, even though the VIX might look "high" compared to the last year or so, when you consider "the conditions of the market" (or rather the world), a VIX of 49 is, to me, still low. In 1987 the VIX went well over 160 and in 1998 with the Russian debacle it went to 60. So, what you have to ask yourself is, does this economy, does this political situation, does this world situation, seem more along the lines of the 1987 crash or the 1998 Russia has its head up its ass situation? I don't know where the VIX will go to, I'm going to let the VIX tell me that himself. If it rises to 58 then drifts back down to 54, 52, 51 over the course of 3-4 days then I'll consider it to have shouted out "High!!" If it keeps rising, then I'll assume VIX has not yet spoken. Kb

To: Tommaso who wrote (8333)	9/20/2001 9:51:22 PM
From: energyplay	Respond to of 23153

Truly massive liquidations are rare - you played to odds reasonalby well. There may be a bounce soon, and a chance to edge back in. By the way, I believe you have also done a good job of preserving capital (as have many on this thread). It's good to stay out of hurricanes, bull or bear. (If you hold onto your money, should be able to pick up a late model Lexus cheap by Spring 2002 ;-) )

To: Tommaso who wrote (8333)	9/20/2001 10:03:52 PM
From: Think4Yourself	Read Replies (2) \| Respond to of 23153

I sleep well at night knowing that all those shorts have to cover sometime. As long as the hedge funds continue to short I'll continue to buy. The only problem is that they aren't shorting stocks I want! The market is being artificially depressed due to the shorting. When a rally does occur it is likely to be explosive. Short covering and sideline money coming in at the same time should be fun to watch. Have kept quiet lately to let the panic run it's course but the quiet gloating starting to crop up reminds me of the old SD thread. I am happy with my purchase prices and have no intentions of selling at a loss. While it's true we COULD have a multiyear bear market, I don't for a second believe that is going to happen. Too many things going on that will prevent it.