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To: 18acastra who wrote (3674)11/24/1997 4:33:00 PM
From: SJS  Respond to of 95453
 
And I am staying in, too, for long term. HOWEVER, I am thinning my position because I don't want to be overexposed.

It's easy to say we're value investors, smart/fundamental investors when everyone is happy and the stocks are going up daily. However, when smart/value investing turns to fear (and you can see how easily that happens when these stocks have lost 25% or more of their value), selling is gonna happen.

If Fidelity is selling, they certainly didn't get in late. They are smart guys who DO have an idea of the fundamentals.

I think we violently AGREE with your assessment - however the emotional part of this clogs up the thinking. Sometimes, it's better not to watch this stuff happen, and look at it 1 year from now.



To: 18acastra who wrote (3674)11/24/1997 4:39:00 PM
From: Iceberg  Respond to of 95453
 
>Please beat me w/ a cane for even referencing the charts

18acastra,

You can't be serious! <G>

Ice



To: 18acastra who wrote (3674)11/24/1997 5:28:00 PM
From: Tom L. French  Read Replies (1) | Respond to of 95453
 
18

>>the charts look bad. Look at the volume on all these charts. Its all the latecomers that drove the stocks up.<<

How can you tell from the charts and volume that it's the latecomers who drove the stocks up, or that they're the ones selling now? You can't. It may be true, but you read about that in the papers. Sounds like just cheap easy talk to me.

BTW we've got some of the best FA knowledge of this group right here. Like I said read some posts. Lighten up.

-TomLF