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To: Ron McKinnon who wrote (34283)11/6/2001 9:48:57 AM
From: E.J. Neitz Jr  Read Replies (1) | Respond to of 53068
 
Ron--your comments...yes, it is difficult to know--short term top or a pause...who said investing/trading is easy. One thing of concern is I was surprised to see average mutual fund cash position around 5% level. Looks like they did most of their buying...only offset is cash on sidelined by public....but then again not sure how many are ready to jump in prior to fund distrubtion dates etc.
For me a few small trades. Concentrating on more longer term positioning. Took advantage of 0% auto financing. I keep a car about 10-15 years...so just traded in a 90 Buick Lesabre on a 2002 Lesabre...that set me up for another good 10+ years auto wise. Also, working on home refinancing..that will set me up great on home financing at
"nuclear fire-sale" price levels--1960's!! So, right now other things more important than stocks. Maybe just maybe, end of November time period I will start to build stock positions.



To: Ron McKinnon who wrote (34283)11/6/2001 9:48:57 AM
From: E.J. Neitz Jr  Respond to of 53068
 
Ron--your comments...yes, it is difficult to know--short term top or a pause...who said investing/trading is easy. One thing of concern is I was surprised to see average mutual fund cash position around 5% level. Looks like they did most of their buying...only offset is cash on sidelined by public....but then again not sure how many are ready to jump in prior to fund distrubtion dates etc.
For me a few small trades. Concentrating on more longer term positioning. Took advantage of 0% auto financing. I keep a car about 10-15 years...so just traded in a 90 Buick Lesabre on a 2002 Lesabre...that set me up for another good 10+ years auto wise. Also, working on home refinancing..that will set me up great on home financing at
"nuclear fire-sale" price levels--1960's!! So, right now other things more important than stocks. Maybe just maybe, end of November time period I will start to build stock positions.



To: Ron McKinnon who wrote (34283)11/6/2001 9:48:57 AM
From: E.J. Neitz Jr  Read Replies (1) | Respond to of 53068
 
Ron--your comments...yes, it is difficult to know--short term top or a pause...who said investing/trading is easy. One thing of concern is I was surprised to see average mutual fund cash position around 5% level. Looks like they did most of their buying...only offset is cash on sidelined by public....but then again not sure how many are ready to jump in prior to fund distrubtion dates etc.
For me a few small trades. Concentrating on more longer term positioning. Took advantage of 0% auto financing. I keep a car about 10-15 years...so just traded in a 90 Buick Lesabre on a 2002 Lesabre...that set me up for another good 10+ years auto wise. Also, working on home refinancing..that will set me up great on home financing at
"nuclear fire-sale" price levels--1960's!! So, right now other things more important than stocks. Maybe just maybe, end of November time period I will start to build stock positions.