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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (62805)	4/9/2002 3:21:32 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 70976

re: prolonged periods of reinvestment risk as you sit in cash waiting for valuations to return to normalcy I've never found that to be a problem. I usually end up waiting weeks, or at most a few months, before something is crashing. Never many months, or years. I've been able to do this, by "casting my net wide", and following biotech, manufactured housing, cruise ship industry, generic pharm, etc. Something is always hated; everything takes its turn on Mr. Market's trash heap. No, my tendency is in the opposite direction: not waiting long enough, getting in too quickly. I've had several people tell me that, after following my posts for a while, they decide I tend to buy too early. I've noticed that my "old economy" stocks (CMH, CCL, WPI), tend to be up, on days my techs are down, and vice versa. Of course, when airplanes hit skyscrapers, everything plunges. That's when I use margin.

To: Sam Citron who wrote (62805)	4/9/2002 3:43:59 PM
From: Jacob Snyder	Respond to of 70976

OT re: biotech ETFs: BBH and IBB were the only two I found; thanks for your info. The fees on BBH are less than IBB (.08% vs. 05%), and the spread lower too (.10% vs. .35%). That's probably why BBH has more volume. Or maybe it's just marketed better. I chose IBB because it tracks a bigger basket (65 or so, vs. 20). Although that may mean buying smaller companies, even further away from consistent earnings. I won't think about LEAPs on BBH, until/if the sector is a lot more hated. Yes, ETFs are a lot better than mutual funds. Lower fees, I know exactly what I'm buying in realtime, I can daytrade them if I want to, no cap gains until I sell it. Thanks again.