Gerald Walls,
You guys are never wrong, just early.
I'm not one of those guys! I rode up B2C stocks 2 years ago, jumped to B2B stocks last year, Biotechs and Fiber at the end of the year. I rode them to the insane levels they reached. I like most of you longs realized the hole time that I was buying overvalued stocks. But, hey, they were going up and the trend is your friend, right? Fleckenstein's points are correct. I can't help it if people didn't listen and bought crap companies at crazy prices. He may have been wrong on stock price prediction but he won't be wrong on the end result. If analysts didn't give stocks $1000 targets on crap like QXLC, CMRC, QCOM, etc, etc, etc, will won't be in this position. Longs out number shorts buy 1 to 100. That will change as the trend continues. Maybe tomorrows numbers start us back down toward a test of that so called 2900 support level.
Bambs |
