DAYTRADING Fundamentals 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 : DAYTRADING Fundamentals

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ig who wrote (8614)	5/30/2000 6:41:00 AM
From: Bilow	Read Replies (1) of 18137

Hi all; Somebody accidentally bot too much Sony: Cyberchump trader buys $90bn in Sony stock by mistake Sony's share price rose 6.7 per cent for three minutes because of an unfortunate blooper by an unnamed trader on the Tokyo Stock Exchange, according to a Bloomberg report. Finger trouble apparently caused someone to buy 900 million shares in the company, sending Sony surging upwards until the error was discovered. theregister.co.uk This makes my worst keyboard error seem quite mild by comparison. Re the Bear Market Rally &c. I have never seen so many people so afraid. I have to suspect that we will get a good 2 or 3 day rally, maybe even a return of the bubbly bull market. The most likely thing that the market does is return to its mean. The problem is which mean? The very long term average for securities prices which would suggest we are overpriced by 2x or more? Or the recent trend of a "permanently high plateau"? While the natural instinct of an individual is to guess that the market will return to its very long term mean, it is my observation that the when the market gets a choice between returning to a short term mean and returning to a long term trend, it chooses the short term trend the (vast) majority of the time. And in the rare cases where it does revert to the longer term mean, you usually have a chance to get out with a decent stop loss. So I say, buy those bargains, when your indicators indicate it is time to buy. At the very least be ready for a continuation in the 13-year trend rather than a reversion to the 100-year trend. Someday, the bull market will end, but the odds are against it ending on any particular day. -- Carl P.S. Who wants to own stocks between March and October, anyway?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next