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

To: Haim R. Branisteanu who wrote (15486)	4/3/1998 11:28:00 AM
From: yard_man	Respond to of 94695

I must agree (what's wrong with cash?), though I do have some puts and a few dollars in some gold miners.

To: Haim R. Branisteanu who wrote (15486)	4/4/1998 7:55:00 PM
From: Mike McFarland	Respond to of 94695

Haim Branisteanu wrote: Mike, have you ever taking into account being in cash?? Well sure, and indeed, I am mostly in cash, however I have been increasing my stocks in my IRA, mainly by some good trades and am rolling those gains into more stock rather than cashing out into, well, cash. When you responded to my note, you did not probably realize that I was about one-third stocks, and the rest cash, having closed my one or two-percent put position. Clearly this is an incredibly conservative position for someone 31 years old, however I beleive there will be many buying opportunities over the next ten years, and I suppose at the peak of the next recession (and there will certainly be another recession someday) stocks would be so out of favor, that is, so cheap, that I might even feel compelled to be 100% in stocks at that time--can you imagine how cheap Ford or HWP might be in the middle of a recession? I love a sale, as far as I can tell not much is on sale right now. I do however own a few speculative small-caps, whether or not the market in general is over-valued means little to these types of stocks, they will either become successful companies with blockbuster products, or not.