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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: studdog who wrote (9367)11/8/1997 11:02:00 PM
From: Ibexx  Read Replies (1) | Respond to of 94695
 
karl,

Just curious: did you leave the long's party or the short's? -- Makes a lot of difference and I am sure you know. :-)

Judging from your SI profile, I would guess you might be a "chronic" short.

Regards,
Ibexx



To: studdog who wrote (9367)11/8/1997 11:22:00 PM
From: Investor-ex!  Read Replies (1) | Respond to of 94695
 
Karl,

Count me in as one who has left voluntarily. "left the party while I was still having fun". I might miss the last hour or 2 of more fun but there won't be enough chairs for everyone when it is over.

I, too, was not "shook out" of anything. I'm pretty much a hard-core value investor when I'm long. Sometime in late July most of my stocks started acting really strange. It was as if the Warren Buffets of the world had already checked out. Simultaneously, I noted some of the pricier issues becoming pricier still. It became apparent that the market was beginning to play a different tune. I quickly sold my value stocks, went to mostly cash, and added a few hedged shorts.

Grab a chair and join the party outside. Better to watch the fireworks that way. :-D



To: studdog who wrote (9367)11/8/1997 11:49:00 PM
From: Elllk  Read Replies (1) | Respond to of 94695
 
Karl

Re <<I might miss the last hour or 2 of more fun but there won't be enough chairs for everyone when it is over.>>

Some are saying there will be plenty of cheap chairs coming from Asia.

Larry