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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: Alski who wrote (4372)	10/16/1998 11:22:00 PM
From: Thean	Read Replies (5) \| Respond to of 14427

Alski, I still have 2/3 of my NBTY position. Will see what happen on Monday. I'm really really disappointed with my POS computer. I just typed out a nice long reply to you and it said I ran out of memory when I pushed the submit button. It's got 128 meg of memory and this POS can't handle it. Good grief. Another one I didn't mention - for about every 10-20 clicks during net surfing I got booted out of my ISP (now ATT) server. I wonder if it is the winModem I got rather than the hardware modem. It drives me nut and I'm ready to return this POS back to DELL. DELL techs were easy to reach but did they solve any of my problems? Nope. I got more confused and agreed to try out a few things they suggested. The more I tried the more crashes I got. Alski, I really feel cheated. : ( John - thanks for the mortgage link. Will check it out this weekend. Steve - about OSX stocks. About Feb of this year I had a post where I drew a big W with many wiggles within the second U. We are in the thick of this second U. But this phase will stretch until oil can finally stabilize above $18. Let me tell you something - over the last two years I have been really lucky in timing the many cycles of the OSX stocks. Today I am more convinced than ever that the single biggest problem with most OSX investor/traders is that they try very hard to attach a strong rationale as to why OSX moves in the direction they do at any given time. This is a total waste of time and a definite wrong approach. If one steps back and look at the big picture one would recognise that OSX always overshoots in their psychotic moves and there is really no good explanation other than the LT trend of "its the price of oil, stupid." To make the long story short, I am long them now because the double bottom rebound momentum is carrying them. Let them fly, let them overshoot, then they will become great shorts. To be successful with this group one has to let the brain go and just take what the market offers. Being a bull or a bear will win one battle at the end. Being neutral and nimble will beat the bulls and bears many times over and still can keep one's sanity. No joke. The current market trend is to buy mid/small caps. The big caps will likely underperform the mid/small caps until they overshoot. Then, we will have a big pullback and the bigger names will finally come to earth. Single digit PE with growth rate >20% is just too compelling for many of these companies. NBTY is a good example. My other mid/small favorites are TWLB, PMRY and SKYT.