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To: Paul Senior who wrote (66483)10/7/2008 6:45:13 PM
From: Jurgis BekepurisRespond to of 118717
 
I would recommend this post if Dale allowed recommendations. ;) Nice points.



To: Paul Senior who wrote (66483)10/7/2008 6:50:56 PM
From: Dale BakerRespond to of 118717
 
Good points, Paul, but in the wake of a crash like this, I am looking for the next set of stocks like I bought in 2003-2003 and enjoyed multibaggers with. Whether I miss the first 20% is unimportant, i.e. I don't mind if I buy BAC at 22 or 27 if I expect it to be 60 down the line (just a hypothetical example, I am not buying hardly anything right now).



To: Paul Senior who wrote (66483)10/7/2008 6:52:27 PM
From: Cogito Ergo SumRespond to of 118717
 
Funny you mention that Paul.. I just responded to a PM not 10 minutes ago... excerpt... I'm thinking one of these days we will be able to buy a bunch of large caps and make 50% in a year or two.. instead of just gambling on junk :O) I just don't know when LOL

I think for me when the volatility starts to dissipate will be a start.. When SI posting volume drops a lot maybe.. 20% is arbitrary... even 30-40 is OK if you think about it..

We are overdue for a good relief rally though :O)



To: Paul Senior who wrote (66483)10/7/2008 8:00:25 PM
From: TWICKRead Replies (4) | Respond to of 118717
 
I have a very simple approach to finding the bottom in this market, and I can't believe I'm saying this, but Cramer mentioned it today, so I have to give him some credit also. (cringing typing this)... look at charts for most stocks after the 2000 crash. We may still have a ways down to go and for sure we need to see some real signals from many companies that they have weathered the worst, and are reporting signs of a turn-around in inventory, sales, orders, hiring, etc.

My daddy always said: "Don't catch a falling knife."