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Re: Sportsjunkie post# 39

Friday, 12/02/2005 10:09:22 PM

Friday, December 02, 2005 10:09:22 PM

Post# of 249
I look at markets and then pick the best companies in those markets based on valuation.

Take the telecom market - since 2000 that market has been hit hard and lost billions in valuation because it was overvalued and because they expanded and built to much excess capacity. That excess capacity had to run out and money could be made on the run down but it would have been prudent to stay out altogether until mid-2006 or later. Although some of the top suppliers to the market should make and earlier comeback - cisco is an example.

So I look at market as a whole and then invest in one of the top 3


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