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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (10419)	4/23/2004 11:52:58 AM
From: isopatch	Respond to of 108554

Jay. <Last year I felt like a genius, the bubbliest of the group even though I like to tell scary stories. This year, lunch is a quiet affair, and all the whip-sawed are retreating to the side, scared.> Think investors & traders, AWA as pros who manage big portfolios are finding, have discovered that - with much of the bag holding public out of the market and volume dropping? The swimming pool has turned into a shark tank populated by very skilled and nimble professional traders. When volume is contracting, it's not possible to be nimble enough if you managing several billion dollars. <A whale> as I call a big fund mgr, can't maneuver when the pool shrinks because of lower volume. And he becomes shark bait fairly quickly. People who've been reading me this year can't say I've not warned them. Have pounded the table for months that: <Cash is King>. And from what you are saying, it's apparent that your fund mgr luncheon friends discovered the above maxim, the hard way, after getting nailed by repeated vicious whip saws. That said, have taken my own advice (also per numerous posts here YTD) and held much higher cash reserves since early this year than was the case last year. And, plan to continue to do so until... <Trends replace Whip Saws> in the market environment. All JMVVHO, courtesy of Mr Market:o)) Isopatch