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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Pancho Villa who wrote (6769)	4/11/1998 5:51:00 PM
From: Investor-ex!	Respond to of 18691

Pancho, Following that logic, the market should be 0 due to negative earnings growth. Oh, but he was talking about FUTURE earnings. Whatever happened to "a bird in hand is worth two in the bush"? :o) biz.yahoo.com The shears are now oiled, sharpened, and ready for a quick, close, (un)comfortable shave.

To: Pancho Villa who wrote (6769)	4/11/1998 6:28:00 PM
From: Bald Man from Mars	Read Replies (1) \| Respond to of 18691

Pancho and others: I often viewed where the DOW is and will be a rather meaningless (and to a less extent other indexes too) number unless you are buying index funds or options on those indexes. It is the individual issues in your portfolio that counts, not how the DOW is doing, or how SPX or OEX is doing... Even in a strong market, your stock's earning might come in below its whisper number (or losing a big customer or whatever), that your stock will suffer a 20/30% haircut ... The opposite can also be true that in a down market, if your stock reports better than expected earnings, it is going to go up 20/30% ... I personally am not very concern where the DOW is heading, or when the big Kahuna is going to show up, I consider buying some gold stocks to be the best protection at this time for anyone that is concerned about a major correction. Gold seems to have bottomed, and even if it is not, downside seems to be limited, but if the big kahuna is really going to visit us, gold can and will ease some pain ... Just briefly looking at the charts, I can see that (in my opinion only) AAPL, ELNK, WCOM is likely to be going down and ADPT, ATML is likely to be going up ...