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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Grant who wrote (20879)	10/11/1998 12:43:00 AM
From: Roebear	Respond to of 50167

I like IQ's playing both sides of the equation but personally that is generally beyond my current means and aptitude, unless I see an opening. I agree the downside holds a certain potential but also agree with IQ that the upside will come through in the long run and with an substantial momentum. Currently I am finding it best if I mimick IQ and find REAL support for buy points. The charts must be King. Altogether I am half in cash and waiting for entry points, not including the 401K which has all been in guaranteed investment contracts since spring. Yeah, I was early and lost some of upside but I am very cautious with the 401's. The folks at work who laughed at me six months ago for pulling out are going to be eating crow when they get their statements this week (if they haven't checked by phone, buy and holders you know). So I am ahead IF I get back in at the right time. Please remember I am only a student of all this. I share your caution but do not have any great insights. I am, however, building a GREAT portfolio of Woulda Coulda Shouldas, which may mean, thanks to my many mentors, that I am getting closer <VBG> to understanding this most bizarre experience, the market. Roebear

To: Grant who wrote (20879)	10/11/1998 2:03:00 AM
From: Coz	Read Replies (1) \| Respond to of 50167

Grant, I now know without doubt that I'm not nearly as smart as I thought I was a few months ago, but I would venture to say with average Nasdaq stock down about 60%, how much lower do they need to go for people to find some value in them? I am troubled by all the talk of stocks still being overvalued. Maybe the market leaders are, but the rest of the market has just been crushed. Wish I knew where the bottom will be, but I rather doubt that anyone can really peg it. IMO Sooner or later a trend will start and a few months later everyone says oh yeah! Coz