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Non-Tech : Invest / LTD
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To: Lucretius who wrote (1566)8/5/1998 8:36:00 PM
From: Thean  Read Replies (2) of 14427
 
LT - your assessment may be right. I look around today and what I saw was just the same - the big names managed to hold up and even rally a bit while the mid to small caps CONTINUE to slide. Therefore, the DOW and Nasdaq may go up a few percents from here but the trashed stocks remain trashed, and the number of them continue to increase. Net, the downtrend is very clear for most no-name stocks while unclear at all for the big names. Your theory of the-fatter-you-are-the-harder-you-fall has so far managed only dead money while shorting the no names stocks really have paid great divident for the last several months. Will this situation changes once and for all in the next few weeks? That is the multi-billion dollar question I dare not predict.

As a current mo-mo the trend is my friend and I know easy money can be made by shorting the no name stocks that have run up to bloated levels (like the evil tower). If your prediction comes true I will join you and short the fat stocks. I don't need to give any more example than NKE - again it managed to close above $43. How many times will it test and retest $43 in the future and will it ever close below it despite all the bad news no one knows. However, when that happens I will join you and short it and then that becomes easy money with low risk. Right now it is still as dead a money as it has been.

My wife talked to her mother today and the mother said she lost her life saving in the stock market of Malaysia. She is still in denial - that she thinks she is smart enough to predict a recovery in five years and she will make a lot of money. She is but a novice who doesn't understand the objective of investment and uses the market as a grand casino. It serves her right. Basically, all she has is hope and no strategy to cut losses and manage risk. Sounds like certain people we know over the SD thread? Stubborn, arrogant, self-serving - all classic ingredients for a personal finacial disaster.
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