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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (113680)	1/13/2018 10:49:30 AM
From: Kirk ©	Read Replies (1) \| Respond to of 207790

Yup, the funniest thing is listening to the yappers yap about "all they do us buy back stock." It is like "duh, if the people you call greedy crooks are buying back their stock and telling you about it beforehand, then why are you not stepping in front of their orders?" Distribution takes time and volume. As far as I can tell, the smart money is still using cash rather than issuing more shares in most cases to take out other companies. When they do use shares, it is for partial payment so the old shareholders can participate in the upside without having all shares sold and taxes paid. I believe in 2000 Cisco was using stock for most of its acquisitions. It was a point in my life when I told my readers I wasn't a big fan of index funds AT THAT TIME because they had too much Cisco... (and other stocks.) Taking profits in maga growth gave cash to buy the first decline. I'm always taking profits at new highs but the majority of the portfolio is still enjoying the ride to higher highs with, as you say, the big declines great opportunities to put some of that cash back in. Still hard to believe we got to buy more stock like AMAT at just $15 (in my ROTH!) in what seems like months ago... I love these charts that show price adjusted for dividends. That declining dashed red line shows the trend was still to get out of once (2000) over valued AMAT until the 2015/16 bear market when I got a bunch when it was paying a nice dividend ($0.40/$15x100%=2.7%) Now after seeing it in some of my charts, I've become a fan of "fooling around" too. I'll be worried of a major top if AMAT and stocks like it don't take out their recent highs... but, if you use Don's new "fooling around" term then you can see on this chart that AMAT did a lot of "fooling around" when those who bought at the top in 2000 and reinvested dividends had a final opportunity to "get out even" before it soared. Symmetry after "fooling around" can be almost as exciting as "fooling around" in bed. -sjnort!