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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: HH who wrote (12138)	12/22/1997 1:12:00 PM
From: Cynic 2005	Respond to of 18056

To all: Ten dumb things a premabull can do in this market are to: 10. Wait for Abby Joseph Cohen to turn bearish on the market for selling. My bird tells me that Abby just doesn't know that the stocks can go down. -g- 9. Think that Merrill Lynch, Goldman Sachs and their peers have a humanitarian goal in preserving individual investors rights. 8. Assume that Michael Dell has no self-interest in promoting Dell stock. 7. View analyst upgrades as good when he owns the stock. Downgrades as good when he owns the stock ('cause they signal a bottom.) 6. Expect all tech companies to be doing great when Microsoft releases strong earnings. 5. Try catching the bottom of a stock for every 10% drop. 4. Expect Japan to openly disclose that they will be selling US bonds in the open market to fix problems at home. (You can substitute this for expecting Clinton to tell you that US economy is in bad shape. -g-) 3. Think that the Government will not let the market go down. 2. Rationalize his/her buy-and-hold as, "I bought xyz at split adjusted $1/share and it is now at $20. Even if goes down 50%, I am still up 1000%." Duh! 1. Look at a 50% gain in his/her portfolio and keep dreaming about your retirement at the age 37!