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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Susan G who wrote (105767)7/5/2000 11:32:38 PM
From: nokomis  Read Replies (1) of 120523
 
Susan - that's some post...if I listened to the analysts I'd be out of the trading game altogether.

Jenna once (sometime last year) said turn the TV off and watch the tape..well this was the best advice I ever heard because before I sprouted any trading legs at all, I'd be a follower of these guys and gals.

The leader has to lead (translation: make money for the "firm") but the follower doesn't have to follow.

It's all about their personal agendas - these market calls and individual stock "recommendations" and let us never forget that. The time to be buy into chips is when everyone hates them (as the leaders do) and the time to sell is when chips are the cat's meow. Hardest lesson for a trader to learn. Now this does NOT apply to hit and run type of trading...ya gotta go with the flow then of course.

Personally, I think the worst job out there today (besides the police who have to deliver bad news to loved ones) is the job of gentle persuasion laced with tons of bullshit. Man, that must be be hard on the arteries.
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