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Strategies & Market Trends : Trader J's Inner Circle
NVDA 178.94-0.9%Nov 21 9:30 AM EST

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To: Wes Stevens who wrote (18117)7/27/1999 11:18:00 PM
From: LTK007  Read Replies (3) of 56535
 
Wes wrote<<
Let me suggest another strategy. Evaluate each of your holdings again. If you did not own
them would you buy them tomorrow at the price that you will be selling them?>> ah the the Buffet litmus test.
Well let's see DEMP-yes EDGR--No IMCL-yes NPLS--no PNJA-yes
PDYN-maybe PTEK-yes it is really because of EDGR and NPLS that I am in this situation they are 28k of my losses--my losses right now are actually 31k--but I threw in another 4k for a bad open tomorrow.
Both EDGR and NPLS tell me in a bad market they collapse
and PDYN could also.
Regards the market I find I am HOPING the market will rally significantly,but my gut is saying otherwise.
I think we all feel a major correction is in the cards,before any sustained,meaningful rally is to happen--and I can double my money in a twink if I just stay out of the market long enough,in the mean time I can get my loss back with quick hit and run daytrading if I see a screaming buy sitting in front of me to be bought.
I ask myself,if the market did tank how bad could it get for the stocks I hold--and since none be IBM,they all could get killed except IMCL.I think I will keep that one.
My decision will not be final until I say Jeff(my broker's name)"Jeff e are selling-selling all,except IMCL". Max
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