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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: im a survivor who wrote (10605)	3/29/2003 4:47:26 PM
From: Sig	Read Replies (1) \| Respond to of 13815

<<I also suspect that many people that stayed on the porch during this bear market have lost their butt in this market. A few good traders over there, but these people are like sheep going to the slaughter house. They follow one another and just keep flushing cash down the toilet.>>> I usually look at Brk.a to see if there is money to be made in the market, would put the chart here but the new SI seems to have elimniated charting. But Brk.a is in the red after 5 years which means things are very tough. Overall, after the boom, it became time for people to get back to productive work rather than count market gains. Too many brokers, too many losing tech stock companies in business. It was obvious in retrospect that not everyone could become a millionaire as there would be no one left to work and pay SS benefits to retirees and the governmant would lose control as people would all retire and sit on a Tropical Isle Now is payback time, and the huge corporations will not be paying for all the patents and inventions produced by inventive tech or biological companies. They will keep enormous pressure on those to keep the prices down and to keep them competing with each other. Another problem is the big successful bears, the ones who have made huge sums on the way down ( and we are still down) and who are still churning the market and causeing sector rotation. Bulls have tried to hang on but are vastly discouraged and many have moved money out of equities Its a very tough game indeed, with no confidence showing, not in Wmt, Hd, Low, Noc, or other well knowns and now they are saying no recoivery until 2004 - recovery is always 6 months or a year away. Thats the bull talking, the fund managers trying to keep people from leaving, those who have been wrong from 2000 until today , those who show up on the Rukeyser show. Appealing to the eternal optimism of Americans- to enhance their own business and profits . I have that same optimism, but not about the stocks or funds they are pushing. Commonality is a killer, with over 7 bil shares of Microsoft outstanding, plus more billions of Csco, Dell, Orcl, and many more a person would need an unimaginable economic recovery to gain by investing in those long term. Yet there is a lingering hope that they may regain their past glory- tell me how soon msft will have its next split and put 15 billion shares on the market? And then regain its past market cap. There are companies that can provide the growth we seek that can boom and triple, but one has to dig deep in the barrel to find one with no blemishes. And even when you do, it can take a year of ownership to convince ourselves it is 'the one". Even Dell lost 2/3 of its value , and has stayed down for over 6 months in the years before it broke loose for good, and the bears jumped on it and tortured the owners all during 1998 and 1999 when some of the best profits were being made. . The best assumption I have made in the past year is that the bears still have the loose money and are still in full control of stock prices and still creating and playing the channels and will do so until huge sums come back into the markets for whatever reason Perhaps a fast ending to the war could change that action. The toughest part of all was to change my own attitude from full bull, to very sensitive and suspicious trader who can dump all of the most glorious looking stock in inventory within ten minutes when an alarm sounds. I have some stocks that have done well for several years but have dropped recently, and it is working well to buy them when down, then sell them when up Dell , Tsco, Igt, and Agi, Beas, and Geacf are in that category Lmt Noc, Rtn are being churned by traders and the war news and so are useful IMO Keep in mind I do not have millions to invest or I would have to rewrite many opinions expressed in this Post My goal here is to make money-lots of money Sig