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

To: chowder who wrote (8536)	9/23/2001 9:39:07 PM
From: Gottfried	Read Replies (1) \| Respond to of 23153

dabum, [edited] sectors with lowest bp are candidates stockcharts.com [edit] Paul V. has a wider selection from Dorsey Wright Assoc. Message 16401213 G.

To: chowder who wrote (8536)	9/23/2001 10:14:14 PM
From: Sweet Ol	Respond to of 23153

<<Are you partial to any particular sector here?>> Like most of us on this thread I am waiting for the next up cycle in the gassers. Long term I am bullish on oil, but I do not think it is ripe yet. Since I spent most of my life in the software industry I follow that closely. When the economy turns up the good software companies will do very well. They have very high fixed costs but their incremental costs are insignificant. They will get their costs in line with their realistic sales and then they will boom when the economy picks up and their sales increase. At certain times a 10% increase in sales can double their profits. But, like the energy companies they are not yet ripe. I have made some money shorting homebuilders, but I don't really understand that business and I covered before the great waterfall of the last couple of weeks. By and large I am at a loss as to what sectors to focus on at this point. In the past I stuck pretty much to companies and industries I understand plus the obvious blue chip companies. Right now I mostly in cash and some shorts. I am going to try to be patient and let the market tell me what to do and not try to anticipate too much. Best to all, JRH