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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (16500)	3/7/2002 5:01:38 PM
From: Snowshoe	Read Replies (2) \| Respond to of 74559

Explorer from China who 'beat Columbus to America' telegraph.co.uk

To: TobagoJack who wrote (16500)	3/7/2002 5:11:28 PM
From: Maurice Winn	Read Replies (3) \| Respond to of 74559

Jay, I'll have to figure it out when I come back from another 3D effort. There's plenty of time for fear, terror and panic. Carpe Diem say I! <you believ, apparently, that the market cannot be timed, will you trim your holdings now, in fear, or later, in terror, or after that, in panic?> Actually, I do time the market. I wait and wait and wait and wait. Years I wait. To sell and to buy. I buy when the markets are at a big low, having come way down from a high, and sell when markets are at an all-time high and my stock to be sold is too. Sometimes, to my great regret, I break that rule. I was very, very nervous about breaking that rule when filling my Tonka Truck with quarter-price Globalstar shares, while looking nervously behind me at the Nasdaqian collapse which I was certain was approaching but was refusing to co-operate. The day I bought, [March Y2K], the tsunami arrived. Now THAT was very bad market timing. I knew it was coming, didn't know exactly when, but I love excitement and wave functions; living on the edge, but carefully, so it looks really dangerous and feels it, but is actually fairly safe. Fortunately, I assumed simultaneous mayhem: the tsunami would arrive Globalstar would go to zero QUALCOMM would drop to $50 [from about $150 at the time] - I do allow for serious problems. Assuming that, I had to still be okay. So we also had a house and little stash of cash here. I didn't really expect 2002 would arrive and there would no longer be a WTC. But I assume quite bad things will happen [because they always have], so it wasn't a surprise in that sense. So, yes, I am an enthusiastic market timer. The signal I am waiting for is perhaps the steel decision. I don't have a particular signal. If The Cusp had passed [20.02.20.02.2002] and we were still at Dow, Nasdaq and Hang Seng below 10,000, I'd have been very fearful. But we are above the event horizon and PHL are ascendant. So, I'm waiting for a pastiche of problems great enough to make me think we are blundering into mayhem. The steel decision is not a good trend. But, manana! Gotta go play and do the worry thing tomorrow. PLH, Mq