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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: OldAIMGuy who wrote (5432)	8/26/1998 7:23:00 PM
From: JZGalt	Respond to of 18928

Tom, Hopefully we will get that rally I've been expecting and you will be able to replenish your cash reserves, but once that is over, you might consider some "reverse Vealies" where you are given the signal to buy and you opt not too. Don't go overboard or anything, but I think this market is going to be much more unkind going into the 4th quarter. This will also be the first time some investors have had 10% drops that haven't perked right back up in a few months. It remains to be seen how they will react to 3+ months of declining share prices. ---- Dave

To: OldAIMGuy who wrote (5432)	8/27/1998 1:07:00 AM
From: steve in socal	Read Replies (2) \| Respond to of 18928

hey senor---i just haven't had time to do any posting. after my midwest sojurn i found out i was over 100 AIM bb messages behind. and as hectic as life is right now, i've just caught up this evening. glad thinks went well in depositing your daughter. i remember the last one i dropped off on a hot august sunday night who couldn't wait for me to get the hell out of his brave new world. since i never had the advantage(?) of higher lernin and the experiences that go along with the time of life, i had to live vicariously through my kid's experiences. and, of course, they shared EVERYTHING with me. of course with a 4 year old now, i get to do it aloo over again. chicago was the best show we've had in years which is, of course, causing me just more work now. the new building has taken up a great deal of my time and the contractor is now projecting a week later for occupancy than i had hoped for. the aquisistion is still grinding on in inventory evaluation and asset value negotiations. the private business i'm trying to get going may get up and running before years end after all and combine that with the 2nd annual steve kaufman occasional invitational on 9/26 and the party taking place at kaufhaus afterwards for about 100 of our closest friends. i may have to say on the road traveling the whole month of october just to get some rest. i'm not sure why, but the market's action over the past couple of weeks just hasn't caused much excitement for me. i sold off 10% of BSX on an uptick monday @ 81 5/8, exited SAFT @ 6 1/8 and like you am pretty well tapped out on the others as i try and figure out where to spend the last few dolars i have left. VLSI, IDTI, BDT or maybe i'll just hang on to my cash a while longer. great action on the board. looking forward to being an active participant again while i can still see the keyboard. good luck to all s.k.

To: OldAIMGuy who wrote (5432)	8/27/1998 5:16:00 AM
From: Bruce A. Bowman	Respond to of 18928

Hi Tom- Like many, I find solice in knowing that I'm not the only one that's tapped out for cash. I think I have all of $1,500 left. That may buy baby a new pair of shoes, but not much else. Seeing the IW go tumbling down is comforting, but the real comfort will come when it goes screaming back up again. As you said in the report, relative valuation is the culprit with 3 choices for correction: price goes down, earnings go up or both. All indications suggest we won't see positive earnings surprises for awhile because of world currencies choking sales. That eliminates possiblity 1 and the remaining 2 choices are going to involve more pain to one extreme or another. So I guess I have to follow your lead and start cheering for a few rallies here and there to get the cash reserve built back up. And hope that the rest of the portfolio doesn't sink too far while relative valuation groans and twists to whatever end it's headed. With all the scrambling that's going on in the various sectors and groups, it's going to be interesting watching for the first sign of life. I haven't tried to look at the crystal ball yet, but if I had to make a guess it would probably be October or November at the earliest. Bruce ps- yes, as a matter of fact I do have a pile of shares ready to deliver at the first sign of interest! :-)