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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?


To: marc ultra who wrote (4040)3/22/1999 3:29:00 PM
From: Kirk ©  Respond to of 15132
 
Sounds like what people were saying back in Sept/Oct '98 'bout semicaps.... Nice price gains since then for those that kept buying.
Prices usually go up just after the last person finishes selling and there are only buyers left... 8)

THAT does sound like a broken record for this sector! I get a chuckle every time Paul Kangas or Luis Rukeyser says "but isn't that what you said on your last visit about these stocks?"

Patience is needed for diversification to work.
regards
Kirk out



To: marc ultra who wrote (4040)3/23/1999 9:36:00 PM
From: marc ultra  Read Replies (2) | Respond to of 15132
 
I think most of us sound like near term bears lately and would fall into the "correction" category in the II survey. Now the question is are we all just another bunch of contrary indicators or are we really smart and are correctly looking lower in the near term and keeping our powder dry looking to pile in at lower prices? I must admit that while I would take a nasty beating, deep down I'd like a ferocious correction of over 10% which might make me comfortable piling more money back assuming fundamentals still hold. Of course a 10% correction from the day we closed around 10k would be a 1,000 point drop in the Dow and I wonder if we would be even at a buy point for Bob

Marc