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

To: Paul Shread who wrote (12381)	5/14/2002 6:37:50 PM
From: isopatch	Read Replies (2) \| Respond to of 36161

Paul. That's an interesting portfolio mix. To be honest, I don't do much work on big caps. But bet AA does very well for you, at least ST. I don't know how far this broad market rally will carry in time and price. What are your thoughts? Some nice action in other cyclicals today. Don't own it. But noticed Phelps Dodge (PD) had a good day. Think I'll take a look at that chart tonight. If Paul Kasriel and ERCI are right, there may be more to strength in this economy than the bears are willing to acknowlege at this point. I'm still looking for the same sub-par recovery I was posting about a month or two ago. But hey.....if I'm wrong? That's OK. One thing I try never to do is fight the primary trend with a forecast or opinion that's disproven going forward. That's where ego can get in the way. Have seen people fight downside markets by holding longs and upside markets by refusing by staying heavily short or sitting on the sidelines because they can't admit their previous views were wrong. Being inflexible in light of changing conditions is a luxury I can't afford because - unlike the vast majority of folks that post on these web threads - I do this for a living. Will just let my favs go as far as Mr Market determines they will go, AND move my sell STOPS up behind them.<g> Let's make the most of this rally, however long it lasts. Best regards, Isopatch