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Strategies & Market Trends : What happened to FBNA?
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To: Tom C who wrote (17)10/9/2000 9:13:09 PM
From: Larry Brew   of 22
 
Tom, As long as I'm here I'll post my 2 cents. Like you, I
believe we're in a much needed P/E correction phase. The
market took forward earnings to unrealistic extremes. A
couple weeks ago I was well positioned and sold into good
profits. Mostly natural gas and utilities. I look at my
portfolio today and ask myself: "how'd I get here?" I've
been jumping on high risk microcaps. Probably because I
made a killing on them in Jan and Feb this year.
As for good techs, I love LUcy. I'm not in yet waiting
for a better P/E, but it's one of my favorites. I bought
ATML for a second time today. It's been good to me even
though it too is overvalued. I trade it for now. For me
wireless is where it's at. I'm big in AWE but love QCOM
and NOK also. Oh yes, and I'm loaded up on FBNA! :-)
Larry
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