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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (38207)	9/14/2003 10:09:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 74559

If I read you correct you think oil is going back up ? Me ; I don't know, but sort of feel it will. I agree with you longer term , a jobless recovery won't work; & sometimes a recovery don't happen even in full employment. ( Japan ) ----- I'm such a small time "trader" taht I don't try to look way out.. Even when things are good I don't "buy and hold" . The market is always going UP/DOWN and I prefer not to trust the long term view but to try to exploit the shorter term swings. ( to some degree ) ---- I'm 66 and bonds make up most of my longer term money, taht and I buy stuff I understand. ( local real estate ) As far as my trading money goes, I might be 95% cash like now, and then 150% invested the next day; then back to cash before the close. --- I've been selling into the rally, and shorting some but my shorting is even shorter term.. --- My last buying spree ( where I held stocks for any amount of time was last Oct. ) they are all sold now but for one. --- My gut tells me to be more careful on the short side now that I've seen this drop in oil prices, even if it is short term. --- What recently surprised me was to see Crude OIL drop so much with a dollar falling , taht's unusual and while I could guess at what it means, I know my chances of being right are less than 50/50. Jim .