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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Terry Whitman who wrote (36976)	6/12/2002 9:59:16 AM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

Booked gold profits. Looks like a bounce here. Bill Meehan used to say it's better to be early than to be late.

To: Terry Whitman who wrote (36976)	6/12/2002 11:18:08 AM
From: isopatch	Read Replies (1) \| Respond to of 52237

Terry. Sorry to disagree but <the majority is......long> AT THE TOP..... NOT 10% off the low! 10% off an important bottom? The vast majority is still very bearish. Many continue to short the rally in it's early stages. Others stay in high cash positions till "they're sure". And of course by the then, most of the rally is over.<g> I've seen this pattern over and over in in every bear market and major correction since 1973-74 when I became an active investor. Went to over 50% cash when I sold all my energy trading blocks many weeks ago. And in recent weeks have gradually stopped out of almost all core positions to where I'm now at 90% cash. If your contention was correct, then I'd have to buy back my fav stocks at higher prices. However, ALL these stocks are lower, most 20 to 30% lower than when I sold them. So my approach is working. But you work with different stocks than I do. Are the stocks Is your account substantially higher? Or have you accumulated substantial paper losses in the past few weeks? Isopatch

To: Terry Whitman who wrote (36976)	6/12/2002 11:19:07 AM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

Check out the OMC implosion today. I was looking at that one recently but decided I didn't like it because of a less than stellar cash flow statement. The one requirement I've added for all longs this year is that operating activity exceed investment activity. A pretty fundamental business concept, but you'd be surprised how very few companies pass that simple test. Can't do that with financials (and neo-financials like GE). Am still working on a test for those.