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Something has been on my mind of late. I have only been trading for a few years, so I am relatively new. I dont quite understand all that goes on, but I am learning, and find this board to be very informative and entertaining at the same time. I trade options, and occasionally write calls, but have never had the guts to short. ANyway, what has been on my mind lately is this whole y2k business. With so many new investors entering the market, daytraders are everywhere. I must say that a lot of them have no clue as to what they are doing. I have a couple friends who made some serious money with those stock picking sites. Companies pay them to profile their company, and gullible investors buy up the shares. I am not saying these companies are scams, but it blows my mind how much this market follows the herd. On that premise, what will happen as y2k nears? I believe this market is a bit ahead of itself right now. There are many good speculative buys, however, many stocks seem ripe for a fall. Im curious as to what the opinions are? The chicken little syndrome is evident in todays market. WHat happens when the large funds began to hedge thier positioms with puts, and then dump their shares. I know manipulation is illegal, but this sort of thing happens a lot. I am worried about the little investor. There is a lot of money to be made in mass hysteria. I for one am not too worried about y2k, but I am worried about the market sentiment. Anyway, Ive rambled on long enough. Any opinions/replies welcome. |
