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

To: SliderOnTheBlack who wrote (12578)	5/17/2002 7:53:21 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 36161

SBC cuts 5,000 jobs / 6% of its workforce ~ This is what I knew would be occuring... earnings and "real" cash flow are down all across the board and companies are going to cut the most controlable expense they have - payroll immediately here over the next couple of quarters. This CISCO rally is insane. The same for DELL's positive numbers... All DELL, or Gateway have to do - is start loosening their credit standards and they can ramp sales rather easily - with bad credits (both corporate and consumer)... and that's exactly what they and many other companies are doing. IBM laid off masses, now SBC...and it will continue. The profits and earnings just are NOT there people ! Look at the TAX RECEIPTS collapse that the US Govmt and individual states are facing. In the Great Lakes Region... I've read in 6-8 middle American Cities about affluent suburban school systems in the midsts of budgetary crisis after crisis. We are in the throws of a debt implosion and it is not even close to being finished. Greenspan is trying to keep the pump primed by the GSE-Fanny & Freddy refi boom with his money supply pump and the banks & retailers are cooperating with easy credit, low, or "0" rates ...knowing that the US Consumer is a " credit junkie-addict" ...that they can not and will NOT say no - to easy credit... but, they will soon; because they'll have to... as bankruptcies, defaults and deliquencies are ready to explode. Greenspan has lost control... complete control and he knows it. We need to realize not only that he has; but that he also knows he has. All he is doing; is trying to save his legacy, create a retirement exit for himself and set up Bush-deux for another election/recession knee capper deja-vu all over again... So it is written... so it shall be done. Trade accordingly.

To: SliderOnTheBlack who wrote (12578)	5/18/2002 12:05:57 AM
From: waverider	Respond to of 36161

Slider, well said. It is so difficult to know when to take profits on bull runs. Best to have a sound strategy and NOT look back. That said, QCOM taught me that once the lemmings jump on board, incredible things can happen. That is when it is best to just stay seated. I suppose the best strategy is to NOT fall in love...with stocks that is. :) wr

To: SliderOnTheBlack who wrote (12578)	5/18/2002 12:15:45 AM
From: Stormin Norman	Respond to of 36161

Slider, Thanks for the response. I learned my lesson back in the Spring of 2000 about placing stops. Unlike some, I can't sit at a screen during the day and watch what is going on. Had a stock drop 27% in one day. Then I was like a deer caught in headlights and didn't sell the next day and and and and and..... it dropped another 25% or so before I sold. Okay, real dumb move. Looking back on it, I was a part of history. Got my head cutoff in the dot.com bubble. I'll be able to tell my grandchildren someday. At least I didn't lose my home or life savings but that sure did put an educational type hurtin on me. Didn't venture back into investing until KGC last June. Looking at CDE, one of the silver stocks you mentioned. I may just sell some KGC profit and buy some CDE. I see it is lagging and historically by the longterm chart has some good potential. Dang thing sure has been volatile the last few months. The $1.10 level is appealing to my small investment budget. The more shares I can buy, the more "potential" bang for the buck. Unlike most of SI, I am 100% invested. :^) Until I strike it really rich, everything else is going for milk and bread to grow my other investments... my kids. Once again Slider, I appreciate your input and rantings.