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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (11557)	11/6/2002 4:41:48 PM
From: PuddleGlum	Read Replies (1) \| Respond to of 57110

Yes, Jorj, I know that we've had some good bear rallies, and this could be another, but something feels different about this one. The other rallies didn't climb the wall of worry like this one has, since many folks (including me) were suckered in at those times. Now there are too many unbelievers ( I was at my most bearish during Sept and early Oct.). I keep expecting a drop, and I've held more cash than usual as I await my buying opportunity or some confirmation that the bear is still alive, but my cash sits there earning almost no interest. And my puts keep declining in value as I expect an imminent swoon by the SOX (if only temporarily). Look at TTH ($XTC) and see a downtrend that appears to have been broken. Sure we're not going straight up from here, but I believe that the most profitable position over the next year will be long. I had some very big winners in my portfolio today, one of which moved on some highly significant news. -pg