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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (17192)	6/7/2002 10:16:39 AM
From: MeDroogies	Respond to of 19080

LOL Even a blind pig finds a few truffles, right? I don't know that the tide is back in. However, I do think one more hefty selloff in the general pool of stock is necessary before sentiments change. People invest in stocks to make above average gains. At current price levels, the potential gains still look to be on average. Certain individual stocks (ORCL, for example) are in position to be above average, but most others are not. That is why markets have bull phases and bear phases...but the overall trend will always be up, since companies are geared toward growth. Some who have read my posts may feel that this is at odds with other things I've said in the past. It isn't. Situations change, so you have to adjust. I'm still a moderate bull, just as I was when the decline began. But only because I don't play the short side. Far too much risk involved for my modest means. I don't believe anyone can make a prediction at specific times and see it through to fruition on a consistent basis. Even Jesse Livermore pointed out that he'd lost a fortune several times. That was because he knew that to get rich, you had to invest big. But it meant big losses too. One point he made about smaller investors is that they need to tread cautiously, lest they never be able to start over again. He didn't feel that people who put a portion of their gains aside were the type who ever got REALLY rich, though. I disagree, but it is a good point. Thing is, there's a difference between an investor and a trader. Livermore was a trader.