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

To: Crimson Ghost who wrote (13492)	1/27/1998 1:14:00 PM
From: Mike M2	Respond to of 18056

George, there is a limited supply of greater fools to perpetuate this bubble. Where is the limit I wish I knew but there is a limit. At some point some of these participants will wish to increase their liquidity (cash) and the question is to whom will they sell. mike

To: Crimson Ghost who wrote (13492)	1/27/1998 1:41:00 PM
From: Liatris Spicata	Read Replies (1) \| Respond to of 18056

Grrrrrrrrrrrrrrrrrr- M'name's not Zeev! Ain't Rose, neither. But I like the point you made. Trouble is, the market often burps (eg. sells off a couple of hundred Dow points) for what to me is no apparent reason, and then recovers. So following your advice would, for me anyway, mean selling into burps. The only way I'll know it's the Big Kahuna is if it keeps tumbling, and then stays down. By then it's foolish to get out. So I figure I'll more or less forget about timing the bear and just hope that I have the intestinal fortitude to to remain invested when the DOW drops >30%, as I expect it to do at least twice more in my lifetime. As for buying the dips- well I can take the social opprobrium associated with being a "dipster", but I haven't made any money since I started buying this dip last September. I should lodge a complaint with Management! Fred