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Very good plan imo ..
Bob
At 07:12 AM 1/23/2003 -0700, you wrote:
>I am increasingly focusing on matched longs and shorts where one is long
>strength and short weakness in roughly equal amounts. I am also focusing on
>sector and country ETF's to dampen volatility. Absent major directional
>moves, such a portfolio should produce good returns from each component. The
>long/short combination should reduce damage if/when huge, news-driven,
>volatility spikes occur.
>
>Earl
>
>----- Original Message -----
>From: "BobsKC" <bobskc@xxxxxxxxxxxx>
>To: <realtraders@xxxxxxxxxxxxxxx>
>Sent: Wednesday, January 22, 2003 9:12 PM
>Subject: Re: [RT] Tomorrow and after
>
>
> > We went from caring about little other than interest rates to caring about
> > nothing .. insanity ruled .. now, we care about earnings again. While
>many
> > companies are beating estimates, those estimates are, in many cases, a
>tiny
> > fraction of what their earnings were in the hay days .... I'm not saying
> > they won't or can't develop earnings that will allow price increases while
> > still maintaining pe ratios that are reasonable, (15 - 20), but they will
> > have to prove it. Either way, as traders we can make money but it is a
> > time to be fleet of action and without too much conviction in any
> > direction, at any time.
> >
> > All best,
> >
> > Bob
> >
> >
> > At 10:12 PM 1/22/2003 -0500, you wrote:
> > >Dear Bob,
> > >
> > >Agreed about stops....At the same time, from people I deem reliable
> > >and not extremists plus my own observation, I think a new bull market
> > >has started. Just like all bull markets, it is not going to be
> > >straight up. It will be an up move and a correction.
> > >
> > >I have been monitoring earnings in the WSJ since the beginning of the
> > >year and close to 70% are increases in revenues and earnings. Even
> > >what was reported today on CNN was not all that bad.
> > >
> > >When Iraq is behind, I believe We Rock.
> > >
> > >Of course I am hedging a bit to be safe...
> > >
> > >John
> > >
> > >
> > >
> > >------------------ Reply Separator --------------------
> > >Originally From: BobsKC <bobskc@xxxxxxxxxxxx>
> > >Subject: [RT] tomorrow
> > >Date: 01/22/2003 09:35pm
> > >
> > >
> > >The futures look like I may have not had to take that loss but a stop
> > >is a
> > >stop for me. Stops aren't negotiable .. they are religious. I hope
> > >everyone has a great day tomorrow.
> > >
> > >Bob
> > >
> > >
> > >To unsubscribe from this group, send an email to:
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> > >
> > >
> > >
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> >
> >
> >
> > To unsubscribe from this group, send an email to:
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> >
> >
> >
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> >
> >
> >
>
>
>
>To unsubscribe from this group, send an email to:
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>
>
>
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