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Strategies & Market Trends : Raptor's Den II -- Ignore unavailable to you. Want to Upgrade?

To: bruceleroy1_- who wrote (1595)	1/7/2004 11:44:28 AM
From: Kirk ©	Respond to of 3432

I agree. I don't think one can time markets so I use a mixture of asset allocation and stock selection based on fundamental analysis. I'll also use a bit of TA to help me get better prices when selling or buying. BY DEFINITION, those of us who use asset allocation would be "smart money" by your definition since we sell appreciated assets to buy under performing assets. I was a net seller in 2000 as the market went higher just to hold my asset allocation constant. I was a buyer starting in late 2000 of some securities that are up double or more since Dec. 2000 (LRCX and CACS to name two off the top of my head). I do have some "hysteresis" in my asset allocation model which allows for trends... so in the bear I sit and wait for the allocation to drop to my lower limit and then start buying... Some of what I bought got crushed before it turned around and went higher but the prices I paid were good and almost all my buys are now doing well. Of course we all make bad picks... my worst was WCOM... but this is why we have to measure our overall results to see how well a strategy manages money and risk.