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

To: TREND1 who wrote (13846)	12/17/2001 1:05:03 PM
From: Steve Lee	Read Replies (1) \| Respond to of 99280

Larry, I find it difficult to bring myself to go long in a market that I believe to be very overvalued. Ideally, I would hold long posns of undervalued stocks, and short overvalued ones - woth attention being paid to channels when I have the time and inclination to follow market closely. There seems to be a shortage of undervalued stocks, on a PEG basis, so I find myself biased towards the short side. I would have been better off financially by following your buy signal but a) didn't expect the craziness to be so crazy, and b) don't want to contribute to such an inefficient market. I think there are enough opportunities to make money from being on the side of sensible valuation to keep me happy for the foreseeable future.