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To: RocketMan who wrote (14500)5/3/1999 6:16:00 PM
From: Tri Bui  Respond to of 41369
 
BTW, CNBC just reported that the Dow is 20% above its 200 DMA. How long can it stay there?

Nothing will stay up forever!!!

Our day will come shortly and strongly than ever follow by a split announcement.<gg>

Tri



To: RocketMan who wrote (14500)5/3/1999 6:17:00 PM
From: John Carpenter  Read Replies (2) | Respond to of 41369
 
I believe Fidelity Magellan's total return is approaching
40% for the 12 month period ending with today's close.
Not bad for a mutual fund. With the power to start an
avalanche, how could it lose. By being the first to dump
the techs and buy the cyclicals, not only has it avoided
the tech decline, it has enjoyed almost all of the cyclical
runup. The fund will be in a great position to dump
cyclicals and buy tech again- at bargain prices.
The advantage of being the first to start a chain reaction
is enormous, because in this business timing is everything.



To: RocketMan who wrote (14500)5/3/1999 6:37:00 PM
From: avanti77  Read Replies (1) | Respond to of 41369
 
As they say, "buy when they're selling, sell when they're buying." They're selling AOL, and I'm happy to be buying at a discount. Tech correction after huge performance from Nov-Apr is really no surprise. As bullish as I usually am, I was having a hard time chasing the nets at the price they'd gone to. This breather is exactly what they all need to get ready for the next push. A few favorites are in the very attractive range now.