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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (4058)	11/8/2001 2:12:07 PM
From: DlphcOracl	Read Replies (2) \| Respond to of 99280

George S. Cole: I just sat in on a 1-hr. teleconferencing call from two well-respected mutual fund managers at SSB, one of whom was John Goode, a manager with 30-years experience. They have a value oriented all-cap fund which has a 5-star Morningstar ranking. Mr. Goode felt that we would have some retrenching between now and the end of the year. However, he did not think we will reach or retest the 9/21 lows. Rather, he felt that the retracement would represent somewhere between 1/3-1/2 of the rise from 9/21 levels to current levels. For the NASDAQ, that would suggest that buying level should be between 1630-1715 if you have cash on the sideline. FWIW, I am 100% cash and will begin dollar-cost-averaging in at 1700. I doubt we will get below 1600; if we do, I will be pleasantly surprised.