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Strategies & Market Trends : G&G's Riding Lawnmower thread
POT 20.650.0%Jan 2 4:00 PM EST
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To: Shoot1st who wrote (1157)7/27/2000 9:11:11 PM
From: Original Mad Dog  Read Replies (4) of 4966
 
Help me understand what you guys do.....I am puzzled.

I am not one of them, but from observation it appears that the method, although complex, can be described as follows:

1. Check stock charts for overpriced stocks on a slight uptrend.

2. Buy stocks when a slight pullback makes them appear less overpriced. (Note-When our wives do this at clothing store sales we call them stupid and sulk in the nearest chair.)

3. Cheer when stock then goes up a few teenies or even a few points.

4. Dream a little dream of a five bagger if only the stock is held for two months, even though this would result in a PE in the five digits (if the stock has earnings at all).

5. If uptrend continues, add to position using margin.

6. Note that earnings are coming out soon, and despite other stocks' earnings selloffs, hold on because "this time it will be different."

7. Watch stock drift down the afternoon that earnings are to be announced. Toy with the idea of selling, but let greed get the best of you.

8. Watch earnings announcement.

9. Read earnings press release and listen to conference call for some glimmer of hope that the stock will go up even though it is already plunging in after hours.

10. Place hands firmly around ankles.

(several hours later ......)

11. Tell wife about trade.

12. Take sleeping bag out to garage for remainder of month along with a bean and cheese burrito and a Pepsi.

13. Curse the market, and everything else within 50 feet of you.

14. Lick wounds for 2 to 5 days (depending on severity of initial loss).

15. Log on to favorite stock charting site, start looking at charts, and proceed back to step #1. Rinse and repeat.

Shootie, I hope this summary proves helpful in your future investing endeavors.

Good Day....
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