Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Moufassa's Lair -- Ignore unavailable to you. Want to Upgrade?

To: Trumptown who wrote (13108)	5/15/2003 6:40:35 PM
From: KevinThompson	Respond to of 13660

Yes, this market behavior is very astounding. But I think so much of this complacent buying is built upon hopes of a 2nd half recovery. Data items like the Book to Bill ratio coming chopped does not look very hopeful. Likely not to add much additional hope for higher prices either. But somehow, I'm sure we'll get another rally out of news like this. I think the more price diverges from current economic realities, the worse this thing is going to end.

To: Trumptown who wrote (13108)	5/15/2003 7:52:18 PM
From: Joe Smith	Respond to of 13660

Starting to take profits and hedge. Finally pulled the trigger here. First trades since early March. Now 10% cash, 12% bonds, 20% junk bonds, 5% short, 8% gold, 45% long. About 6% went from long to bonds and 5% from long to cash. Looking to add to gold from cash, eventually from long to short. This is built on dreams. Unless there is a great recovery in the second half, we are looking at another popped bear market rally. Even if the in-the-clouds scenario worked out, I don't think we have more than 10% left. I am still net long, especially when you add the junk bonds. It might be profitable to get a few more dollars from the mullets while staying clown long, but I have found that I sleep better if I leave the pyramid before it starts crumbling. Even if I do regret the profits that I sometimes miss (i.e. getting out in early November last year). So, i will extract myself over the couple of weeks, unless my stops do it for me first. The junk bonds are now underperforming the market after months of straight up. Nice 20% move on FAGIX since I entered. Are they done?