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jenna

04/07/01 9:00 PM

#517 RE: Vendit #516

The Short Sage of our BLIMPS these last 7 months.

The last 7 months (the lean months) will be remembered as the most historic 7 months of NASDAQ's history. http://www.marketgems.com/Short_Saga_of_the_BLIMPS.htm Its nice to have an indelible rcord of our SHORT plays and our postions as the extreme high P/E premiums would lead to a eventual crash. Hopefully we are slowing up on the short side and by the end of April after a capitulation when all the earnings are out (and of course no doubt this month will be interspersed with a few shortable rallies) we might consider some swing plays on the long side.

There is no hurry, we take it a day or two at a time.
I've captured numerous posts from Silicon Investor since I'm not sure how long their archives or their forum will last. We have already captured the "The Internet Era" of Market Gems, both the rise and afterwards urging the sell off, the Oils Service Sector Selloff. It would be a shame for us not to have this RECORD that will always remind us of mistakes we didn't make, but could have. The days fall of the internet sector was too close for comfort.

Maybe if we can look through these posts you can understand why we are not investors but take the trend as it comes and as long as it lasts. If a new tech sector rises, we will go long with the best 'investors' but we will not be holding indiscriminately and never allowing profits to erode. Lessons should be learned.

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leekramer

04/08/01 5:40 AM

#522 RE: Vendit #516

Reid: Nice to know you'll post occasionally. This thread, as with every thread initiated by Jenna....attracts the best.