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

To: Frank Pembleton who wrote (17395)	8/16/2002 8:55:17 AM
From: Little Joe	Read Replies (1) \| Respond to of 36161

Frank: I suspect that until it happens there will be no bottom. I am absolutely amazed at how sangquine investors have been as their 401K-IRA-Pension plans have collapsed. People tell me they don't even look at their statements and just throw them in the drawer. I think often times psychologically they don't think of these as real money. Little joe

To: Frank Pembleton who wrote (17395)	8/16/2002 1:32:13 PM
From: isopatch	Read Replies (1) \| Respond to of 36161

Frank. Big jump in equity fund outflows was one of a bevy of signs the market was approaching a - tradable - short to intermediate term bottom. Too early to tell if it will be as profitable as the one I bot heavily in late February. Very ST, agree broad market indices are likely to pull back into next week. Hope to be doing a bit more nibbling on long side favs, then. About 45-50% cash right here. No way I'm sticking my neck out very far, yet...<g> Isopatch