Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (16105)	9/30/1998 5:04:00 PM
From: Judy	Read Replies (2) \| Respond to of 42787

Dennis, we did not cash out of the mutual funds in the IRA accounts since I did not time the top of this market. Given the market is now in a consolidation phase for what I believe to be the next leg of a longer-term bull market, I see little reason to cash out in the midst ... having already missed the top. However, I did redirect new retirement monies to be place in specific sector funds, sectors that have been beaten to a pulp and that hopefully will perform like champions five years down the line. For instance... as in the Fidelity Select Energy Services fund that I put us into at the beginning of this year. In fact, the last time my husband looked at the mutual fund report, he asked if I knew the fund was down 40 percent year to date. I said, "Yes, sweetheart ... that is precisely why I have us in the fund ... it's called dollar cost averaging. The more smashed the sector gets the better I like it!" This is probably not the optimal way to manage retirement monies, but it provides a healthy return for minimal efforts over the long-term.

To: dennis michael patterson who wrote (16105)	9/30/1998 5:23:00 PM
From: Judy	Read Replies (1) \| Respond to of 42787

One more thing. Since you cashed out, find some point to dollar cost average back into the market. You exited close to the top, so your timing need not be optimal to get back in. Given you have at least a 10 year time horizon before needing the funds, my sense is the market is the only place to be.

To: dennis michael patterson who wrote (16105)	9/30/1998 6:13:00 PM
From: Skipperr	Read Replies (1) \| Respond to of 42787

Dennis - I have a suggestion regarding this: --------------------------------------------- Finally Judy, what does a person like you do if you have retirement money in mutual funds? I have all my retirement money in funds (well, almost all) through my university. I got it all into cash at INDU 9150, and I trade it a lot, but just wondered what other folks do. -------------------------------------------------- Why not just wait until JF says to get back in, then get in? Best regards, Skipper

To: dennis michael patterson who wrote (16105)	9/30/1998 8:57:00 PM
From: Robert H.	Read Replies (1) \| Respond to of 42787

>Today looed so weird. The M just went down so easily for a huge part of the day.< That's the problem. ...It went down Very easy. My shorts payed-off today, however in the AM I'm going to pick up some cheap long positions. I feel as guru Favors does. Don't think that the timing is right for the big one. I don't think the Oct's will pay-off. The Nov's will. Market can't fall big time until after option expiry. If it looks like a chicken; in this market it probably is. I think the big boys let it fall. The real bad news won't be out for at least a week or two. As you said, it Was to easy. If you made a profit. ...Take it. Only the paranoid survive. Robert