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Technology Stocks : Winstar Comm. (WCII) -- Ignore unavailable to you. Want to Upgrade?

To: TheSlowLane who wrote (8419)	10/1/1998 11:11:00 AM
From: Steven Bowen	Respond to of 12468

"if you could make a note to remind yourself to make an announcement when the bottom has been reached, that would be great." Paul, if you've only bought once at 31 thinking we were at a bottom, you're about three times ahead of me, so don't count on me picking a bottom. I just know I've been burnt bad enough I'm through picking bottoms. "Seriously - what do you think it will look like, and do you think there is any way of knowing for reasonably sure, that the worst has already happened?" Probably when DELL starts selling off! I still think we'll see real panic. I'm still looking for at least a down 1000 Dow points day on 1.5 billion shares. Of course, I doubt we ever see that, so I don't know how you tell. I'm just hoping it will be sooner rather than later, but now thinking we won't see the bottom for some time. There are great forces trying to support the stock market and keep gold down. Probably just delaying the inevitable. SW, "What do you postulate as the best method to hedge against your being correct, without too great a time premium?? Short the dow??" Get gutsy, short DELL. Seriously, I'm not smart enough to know what to do. Talking to Ed last night, was thinking of shorting the Spiders on the AMEX. I really think a good hedge is those gold mining stocks as world markets and currencies collapse. Not particularly as a hedge against inflation or deflation, but just as a flight to quaility as people flock to gold as they don't know where else to go. A couple problems though; most are up nearly 100% in the last month, so where are you buying exuberance here and how high can they go, and (2) I think there is a real concerted effort to keep gold low now, as probably most every ounce in the world is sold short now, and any dramatic increase will cause many more hedge funds to collapse (JMHO).