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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: waverider who wrote (11891)5/7/2002 5:03:51 PM
From: isopatch  Read Replies (1) | Respond to of 36161
 
Wave. Right you are.

Wonder if one of the chihuahua threads loaded the boat with QCOM just before it went into the bag like they did with WCOM.<lol>

One thing everybody should have learned about the old bubble leadership, by now, is that bottom fishing can be very expensive. There will be plenty of time to buy those sectors AFTER they have put in and confirmed bottoms. Although that could still be quite a bit lower and further out in time than most of them realize.

Yes, some of them will rally 300% off their bottoms. But for those who loaded the boat far too early it could take the first 100 - 200% of the next bull market in those sectors to break even. And most will be happy to sell by then.

Iso