The New Economy and its Winners 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.

Strategies & Market Trends : The New Economy and its Winners

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bill Harmond who wrote (487)	5/23/2000 10:38:00 AM
From: Tradegod	Read Replies (1) of 57684

Hi William, It's been a while since I've posted, but I've been reading the new thread with great interest. I'm amused by the bickering over some of the issues, but greatly respect your decision to start this thread and commend you for it. I've profited a great deal from some of your ideas, over the past two years. One observation I've picked up from following your posts is your tendency to be "right but early". I suffer from the same ailment. I recall your going to cash at the end of the year and even buying CSCO puts for the spring. What an incredible call, but what unfortunate timing. I completely agreed with your assessment, but the market convinced us we were wrong in the Feb/March timeframe and lured us back in. Then the big dip and we think it's time to go long. This market reminds me a little of last summer when we were trading AOL, YHOO, EBAY, AMZN DRIV and TERN after a major correction only to be continually lured in on these "momentum reversal days" (like EBAY yesterday) and to find ut the next day or two that perhaps we should have waited. I think just as the techs went so crazy to the upside in March, we need the crazy capitulation (which I don't think we've seen quite yet) to truly establish a bottom. I'm sticking for now to very short term trading for days when the "dealer's showing a six and I've got two eights". You can kinda feel when the shorts may start thinking of covering and jump on board. Otherwise, I think the market trades "choppily down" until then next Fed meeting. Or we get the "Big Kahuna" that the bears continually wait for. I'm reminded of the adage that more fortunes were lost in 1930-31 "buying the dips" than on October 29, 1929.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next