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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: E.J. Neitz Jr who wrote (39105)	4/9/2002 10:41:24 PM
From: BWAC	Respond to of 53068

Yep. I see little or no value in consumer stocks, like retail stores and consumer product conglomerates, yet the market maintains the bid on these? Corporate spending is still in a virtual shutdown which coincides with technology being in the dumps? I guess if you have unlimited time and patience there are some wonderful buys here. Oil related stocks never got to be a decent value. Wouldn't touch the banks cause they are way out of touch with their customers and will fall as interest rates rise. Same goes for high dividend stocks. Some Pharmaceuticals are looking good. But they just keep getting sold off everyday with little or no intraday bounce. Semi's are stuck in place and offer as much downside risk as upside. Semi-Equip is working but sure looks valuation wise as dangerous. How high can they bid stuff like CAT up? Bells could find themselves cut in half before some sanity returns if the liars crooks and thieves have them on the radar screen. Can't get a decent premium to sell Covered Calls one strike price in the money. Can't find many worthwhile spread opportunities. I got 8 on (4 designed for a fall which worked, 4 designed for an expected rise in specific stocks which never came) which will net out to a big zero. Don't remember 1972. Or '82. Not sure I remember '99 or '00? I can't really imagine the volume of willing natural sellers we have at these prices, so it must be the record short interest selling overwhleming the disinterested disgusted few remaining buyers? A person could put together one heck of an under $15 tech portfolio though. Problem is it might all go to under $10 first. Buy high, sell low, pile in, pile out. I hate so see what the mutual fund mismanagers have bought now.