American Power Conversion Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : American Power Conversion

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mad Bulgarian who wrote (1261)	4/25/1997 7:43:00 PM
From: Phillip Crone	of 2574

Tony, funny you mention information overload because I have been feeling the same way as well. I have been trading for about 13 years and with the internet over the past 2 years I have spent way too much time digging for information. All of this information has to have changed the way the markets are working for the short term. My take is that everyone thinks they are experts because a monkey could have made money in this market over the past 6 years. All of these newbies and all of this information is creating quick moves in both directions in the markets. I can't wait to see how the markets handle our first 1 billion share transaction day. When the internet gets so clogged up with all the users trying to sell, it is going to be humorous for me to watch people panic. I am not old enough to remember 29 ( I was born in 62) but I know that it is coming again. So why don't we all just spend more time with our family's and less time hoping and wishing and cussing your favorite stock to death. It has been great to watch the two different emotions of Candle Stick and Joseph. Hope no one has done silly things like having bought apcc at 25 on margin. The breakdown today tells me that we are going to go lower over time. As I have stated, I won't pick the bottom, I said that I would start buying at 16 and I have. I believe in the future of apcc so I will keep buying everytime apcc drops another dollar. I view my trading style a little bit like war. I have so many troops (cash) and the enemy (lower prices) can only go to zero. Since I wouldn't be in a stock if I thought it was going to zero, I try to spread out my risk. I set a target, (like 16 on apcc, which I set a few months ago) and I just sit patiently in the bushes waiting for the enemy to come to me. I won't bore you with any more Patton stories but it has worked very well for me over the years. Now selling is another story, Warren Buffet I'm not but I am on my way. Take care and to all: I will be on vacation over the next 10 days, Cheerio!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next