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


To: Justa Werkenstiff who wrote (58071)4/28/2002 8:35:42 PM
From: t2  Read Replies (2) | Respond to of 99280
 
Justa, You seem somewhat positive for this coming week.
Do you have an upside target (1700?).

I thought that given how weak the Nasdaq was on Friday, we have a lot more downside before the bounce. Maybe hit the 1600 level first.

(MSFT at 50 and Intel 27+ could trigger buying of these names...and provide some lift to the index)

I think the turning point is going to come in the biggest caps with reasonable valuations...the 2nd tier Nasdaq names might not get much of a lift; investors will not pay up for the high PE stocks anymore, imho.



To: Justa Werkenstiff who wrote (58071)4/28/2002 8:58:51 PM
From: Dale Baker  Respond to of 99280
 
If that is classical LTBH, it will underperform the neo-LTBH approach where you toy with the portfolio a few times a year. Even Buffett makes a few moves now and then.

LTBH something like the SPY is a no-brainer, literally. A well-chosen basket of timely stocks, updated now and then, should beat the indexes easily over time.