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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Steve168 who wrote (17599)	8/18/2003 12:13:50 AM
From: quasimodo	Respond to of 78537

"I am still holding many deeply undervalued stocks bought in the past 12 months. I did unload some of them that became fairly valued, and bought some small tech companies that survived the crash and demonstrating 10% sequential revenue growth. I am also taking some short positions (such as SPY) as a hedge. I am currently 65% net long versus 100% net long 3 months ago. I have been wrong in the past so I may be wrong this time. But some hedging is needed to ensure my great gains in the past year don't just go away. " Steve, I cannot agree more with you that some hedgeing is required at this stage. I own some QQQ puts and am considering DIA puts too. BEARX also looks good as a hedge. This fund is almost inversely corelated to the S&P500 and should do well if the market goes down.

To: Steve168 who wrote (17599)	8/18/2003 12:20:04 AM
From: jeffbas	Respond to of 78537

"But when I talk to my regular friends who are not investing pros, most of them are still on the sidelines, showing some interest in stock market due to the recent rise" Exactly. I think this is an important future market demand factor. I saw my son-in-law today. He said he trades his company 401-K from time to time. Was in the market last Fall, got out in December, done nothing since, but is thinking about getting back in. Does anyone have access to historical Length of Bull Market data? October to now feels too short; October to next Spring feels better. However, I would like to see some historical data. I did look at a historical DJII chart and it was tough to find a bull move under a year.