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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?


To: WillP who wrote (2590)7/19/2002 3:58:08 PM
From: ralfph  Read Replies (1) | Respond to of 8273
 
Hey Will nice to hear from you.

I am going to have to pull up a chart before I predict the DOW,s low. But 6500 seems to be a reasonable level for it to reach this summer and Sept silly season may pull her up some. There could be some very sweet deals come the fall.

regards
ralfphie



To: WillP who wrote (2590)7/19/2002 4:05:06 PM
From: teevee  Read Replies (2) | Respond to of 8273
 
Back to 6500?
So, I should list you as an optimist?


yes.

From the Post:

Markets: Dow gets slammed
By ROMA LUCIW
Globe and Mail Update

Stocks sat sharply lower through midafternoon Friday, with Wall Street touching fresh lows as investors reacted to gloomy outlooks from a slate of tech biggies and a criminal investigation into a big-name U.S. company......

"Money managers are getting calls saying, 'Just liquidate my holdings. Raise cash," said Will Muggia, manager of the Touchstone Emerging Growth Fund.

"Part of the fear is that there's no place to hide. People are selling everything that hasn't gone down yet."

It can be argued that stocks today are more expensive than at the height of the bubble when taking into account the true cost of options and factoring in pension fund liabilities and lower earnings. Dow 6500 could be overly optimistic.



To: WillP who wrote (2590)7/19/2002 4:54:37 PM
From: marcos  Read Replies (1) | Respond to of 8273
 
Will, good to see you ... what do you like lately? .... i've got the fever for the yellow, convinced the next leg of the PoG move comes fairly soon and is fairly dramatic ... not following the diamonds much at all, haven't kept up with your StreetWires on them lately, due largely to the 'seasonality of diamond stocks' we used to talk about ..... did you ever think of doing one on Diamondworks dmw.to? ... it's had a mild bit of action recently after a long sleep, and i find the story quite interesting, followed the company for years, can't pretend to understand it recently, but there seems to be enough of interest to warrant some homework ... looks like Teixeira and crew intend to build a serious company out of it - #reply-17753174 ... there are two explanatory releases in the post before that, as well .... i added dmw a couple of months ago but still hold only a few, wondering about it .... peace would appear to have broken out in Sierra Leone, matter of time only before they get Koidu rolling, and that is a rich mine .... also Angola, not all lost there by any means ... so if Otterbea can bring income, there may be hope for this thing yet? ... great background on dmw, you can call up Adrian's old pieces on Carson Gold -g-

[edit] - there was a bit of action on ihub General Mining [where you are still director btw] - investorshub.com ... but it sort of petered out .... it'll grow, though, that's a cadillac format over there, eh ... stockwatch forums i haven't seen for so long, must get to them on the weekend ... cheers