Okay so I was wrong in selling FLEX, BRKS, BCE, WCG, VRLK, EXAR, TLGD, ELNT, PHTN, FLSH not losing 16 points.. saving 25% and earning what is now 12-18%.. above my double-triple bagger in my intermediate portfolio. Getting in when it showed signs of saturation was a mistake and rebuilding an excellent short/intermediate term portfolio out of the remains of the nasdaq massacre was a mistake. Fact that you attack daytraders and no one is a daytrader but building up slowly a new long term portfolio on one hand and making good gains with the other shows that 'you' (the collective 'you') are guilty of tunnel vision or fear or whatever it is. Sure I'd buy the dip but AFTER I got out, and getting out not on a panic at the lows but at the tops. Selling at a 52 week high is the way I'll fly from now on. Buying back AFTER everyone and his grandmother have sold in panic is the way I'll invest, trade or however you want to put it.
You don't realize that it was not the daytraders who caused the nasdaq to go down, only greedy investors who kept pouring more and more money into the nasdaq so greedy traders with a little more experience (and some luck) will take advantage of the increased profits, sell and wait for just these last two days to get back in. If everyone acted as 'rationally' as you and held, there would have been no downfall. The market was down because investors sold, period. If they had 'waited and held' the market would not have gone down.
You don't realize the 'few' voices in protest are the ones that might have held on and in panic are worried now that there won't be another 'aftershock' after the first earthquake. |
