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To: Elmer who wrote (28189)8/23/1998 1:24:00 PM
From: waverider  Respond to of 95453
 
Earnings don't matter right now. All that matters is capital preservation at this point.

There are currently only a handful of stocks that have yet to correct 5-10% (INTC, DELL, etc.). DELL has good earnings, INTC is in the clouds, the other blue chips are going at 2-7% and have PE's that defy logic. Mania is what matters in their universe.

Or, if you are a gambler, obtaining gains through puts and shorts is the what matters.

Good Luck. We shall see each other at the end of October. Hopefully both us will still be posting...unlike all the permabulls that used to populate this thread.

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