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To: Boplicity who wrote (3957)10/4/2001 1:04:04 AM
From: mishedlo  Read Replies (1) | Respond to of 13815
 
Good luck to you in whatever you do

Thanks bop.
I have been too afraid to do much for months.

I had my wife pull out 100% of here money from S&P fund into cash last Nov. It has sat in cash ever since. Huge winner over being long about anything well known.

After a great Feb for me, I gave back all my short gains in May-July. Slowly made some back the past 2 months, but being a nervous short, never got back close to where I was in Feb. Of course many longs are not even close to where they were at beginning of Feb. I am still way way above my Jan lows in my accts. Oddly enough, my lows are mot peoples highs. Someone heavy in PMCS JNPR CIEN etc is down perhaps as much as 80% since the beginning of the year. These will NEVER EVER come back. Simply not possible.

I regret missing today on the upside, but I was inclined to buy heavy about 2-3 weeks ago and compared to that I am far better off. Actually and did buy some calls a couple weeks ago with small positions, some still quite underwater.

Some stocks I liked, like NTAP just kept sinking sinking sinking. Since I like JNPR at 15, I can still have it way below that if I want. EMLX, same story.

On a valuation basis, almost nothing looks good to me.
Of course I got killed in Jan (shorting on valuation), buying short term puts in AMCC at 65 only to see it rise on pure bullshit to 80. Valuation does not matter.

This market is really not very easy unless one takes an HONEST long term perspective, based on FA and forward PEs. In retrospecive, that is what I should have done in Jan. Leap puts on AMCC at 60, it rises to 80, so what. They would be gold now.

Now what?
Here we are.
Are stocks a buy here or are they a sell here.
So much total trash is rising that FA says sell to me.
This market may not care, however, just as it did not in April.

I have learned one thing.
Cut losses and take profits immediately.
One can not go broke doing that.

M



To: Boplicity who wrote (3957)10/4/2001 8:45:32 AM
From: im a survivor  Respond to of 13815
 
ahh....yes, ...another attack on us and that would be bad for the markets....but an offensive attack by us, and I think americans will feel re-assured that we are doing something to fight these fanatical idiots that somehow think their god thinks it's a good thing to kill innocent people for no reason......



To: Boplicity who wrote (3957)10/4/2001 10:55:30 AM
From: Venkie  Read Replies (2) | Respond to of 13815
 
Most fanatic bears are like the bulls at naz 5000...they will miss the biggest part of the moving by being obsessed on that they hv it all figured out..same as bulls were at 5000 naz.