<<After saying that, you might ask me why I did
not make a fortune on the fuel cell stock craze of the last
couple weeks, but that is another subject <g>>> the amazing thing about the fuel cell craze is it is an example that the laws of pure chance are becomomng a strong force in the market--the pure chance of getting highlighted by having some "wacked-out" analyst getting read by traders and that causes a stock pop which then leads to being highlighted on CNBC.
Fuel Cells stocks were doing very little,and then an analyst got featured on MSN investor in which he gave PLUG,a 10,000% price appreciation over 10 years target--traders then pump the stock forcing CNBC to feature it---PLUG goes wild,so traders start looking for sympathy plays,and presto the whole sector lights up---these traders are getting very skilled at what they are doing,they have become a force,like it or not--BTW,the way,i myself,won't hesitate to do what we call "Bull Raids",when playing market psychology-why not?but timing is everything,buy low sell high or short sell very very high and cover low,it's a mad mad market:) max90 |
