SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: isopatch who wrote (36956)6/11/2002 7:17:16 PM
From: Terry Whitman  Read Replies (1) | Respond to of 52237
 
You're smarter than me- I've been tilting at windmills and trying to catch bottoms. With the small caps that you play- that first 10% is minor. Good way to reduce risk.

I may have caught one on TRU. May be just a DC bounce though. If not, well a 25% yield aint too bad.

>What's been happening to your positions in recent weeks? And how are you positioned now? <

I'm longer than I've been in history. And I plan to get longer if we drop to new lows. When da bottom hits, this will be THE bottom of the decade to be positioned long for, IMHO.

Here's the short list, larger weights first:
SPX, BGRIX, HON, SBC, GE, MCD, LU, TRU, TOY
and a few more for good measure. <g>

Technically, there's not much to be positive about here except that sentiment is simply horrid. My quarterly investment mag. I got today is just dismal. Nearly all the stories are about recent scams, risk containment, etc. The news is dripping with fear and disdain for the equity market, and neurotic in general.

Oh, and there's a minor bullish divergence in new lows. We're at the same level as monday morning basically, but new lows have dropped. Almost looks like a H&S..
stockcharts.com

A 100 pt. gap down in the morning would wipe that thought out. <g>

Good Luck,
TW