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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Kimberly Lee who wrote (33993)11/27/1999 4:47:00 PM
From: ciVic  Read Replies (1) of 108040
 
to all who have been complaining about the ADSP long vs short fiasco - I only have one thing to say. About 6 months ago Kimberly recommended a book to me - "Trading for a Living" by Dr Alexander Elder. The first part of the book talks about the Psychology in the market. You see the Price and momentum of these stocks are not based on how good the company is, what product they use, what new deals they sign, or whether it's a POS or not. Of course that all has something do do with it - but the MAIN factor is what a ppl willing to pay for the stock. a few times over the past 6 months I have watched ppl come out and attack kim's trading style due to them having lost money on it somehow - whether they shorted her stock, or what have you. Kim is a mastermind in market psychology and that's how she trades. We are here to make money not nesesarrily become "analysts" etc etc. Whether a compnay makes .2 EPS or .70 EPS don't matter, if it's going up 20$ tomorrow I want to buy it today. that's why this thread is called "SHORT TERM TRADING". WE are here to make money this week. Maybe I am just speaking for myself. Kimberly has more integrity than ANYONE on SI, and she is honourable, brilliant, and helpful. Kim - thanks for all you do.

ciV
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