To: RGinPG who wrote (31547 ) 11/6/1998 9:53:00 AM From: SliderOnTheBlack Read Replies (1) | Respond to of 95453
RGinPG; ...can't argue with that in general; but - Shorting here; with the recent history of volatile spikes - in the face of a huge, huge inflow of cash to mutual funds last week and this week; along with the Fed & OPEC meetings - I see too great a chance of getting ''Squeegied'' or ''Bombed'' (as in Iraq) here.... Cash is such a warm, soft, fuzzy place to be.... PS - there are some PE valuations that are too high; DRQ & CDIS flew of late, but then we have VTS @ PE of 6 and a few other anomalies that are still solid buys, even at todays prices; not many - but they are out there... and YES; margin off a return to these lows (wishfull thinking imho) would be a very good aggressive play. PSS; hey marc; for someone long - why all the gloom & talk of the shorts being a good call ? The common demoninator I keep seeing among individual investors is if they get ''hit'' by a sector or a stock; that they feel they must ''hate'' that stock or sector for the remainder of their investing lives...? Cold hearted, unemotional, mercanery investing is all most a necessity here. One that ''bit'' you 6 months ago, can be the one that ''rewards'' you today... I see posts like one on another thread, where someone bought a driller at the absolute peak, rode it down half way to the bottom and sold - now hates the drillers for life ? instead of scooping it up again at the bottom (1/2 of what he sold it for) & profiting; he hates it for life - go figure... How many people who had Cisco or Lucent tank & rebound here; now hate them for life ? The emotionality of the individual investor is something to take advantage of imho. TCMS ''was'' one of my biggest losers earlier this year; I have now caught it at the bottom here recently & they break out good news of new contracts and I now expect to make great gains off of TCMS. I have absolutely no problem buying my biggest losers again... but, I don't see this in many others - why ? Once bitten - twice shy; is one thing, but scorned for life ??? C'Mon people - Buck Up !