Rande--
Thanks for the LT port. I think that I will get a chance to set up a port with those stocks over the weekend for everyone's reference. Had a great day today. Up about 10%, but nowhere near making back what I lost over the last two weeks. I am surprised that you have. Which brings to mind a trend that disturbs me here during this bearish season. I think a lot of it started with the Softechie disturbance which I never understood. His tone was annoying but his call was great. Speaking of annoying tones, here is what disturbs me.
I will call it the case of posting bad calls and good news. And I am speaking directly to you my esteemed Rande Is. Never in the year that I have been here have you been so bamboozled by the market, IMO. I do not hold this against you or blame you for my own premature move from short to long. Nonetheless, there is a disturbing trend that has gone along with this struggle you and all of us have had. You post calls that are absolutely contrary to the market and then later post the after-the-fact good news that you changed your mind and everything worked out well. But, the good call when you changed your mind is never posted. Fortunately the last few days I have actually treated you as a contrarian indicator. ( Something I expect to probably never do again.) Thus, when you were on the brink of the abyss this morning I added. When you were taking profits at 12:30, I added. I figure that somehow, the shorts have figured out exactly how to attack your mindset.
In any case, I should make a couple of examples of bad calls and good news. Today, at 2:00, you posted that you were taking profits and would add later on a pullback. The market went straight up. At the EOD, you posted that you "ended up buying back everything I sold as they approached my sell prices." Yet, you did not post this great call. And not to quibble, but which stock exactly pulled back this afternoon, letting you reeenter near the sell prices.
Another example I found particularly disturbing was the YHOO posts. After YHOO earnings on 10/10, you posted at 4:49PM that "Chipmakers like VTSS, PMCS & AMCC all down around 10 points in after hours!!. . .Lucent is down 6, if you can imagine. . .25 bucks per share. Unbelievable. Nortel is falling in sympathy.
By contrast, net related stocks are up in sympathy to Yahoo's earnings. CMGI, INKT, EBAY, ICGE, DCLK, etc." Now, you made no call here and I would not speculate on whether you were saying that net stocks were the place to be and chips were not. Clearly it was the other way around. What irks me is that, long after YHOO tumbled in after hours, you posted that you dumped YHOO at 85 11/16. To get that price you would have had to dump right around that 4:49 post, yet you did not share this great call, only the good news later that you had dumped at 85 11/16.
Now don't sell me short Rande. I have been here a long time and I am very loyal and still believe that you are the best source of investment info on the web. And also be aware that I know that you cannot post every move you make. But, the number of times that I have been reading bad calls and good news is just too many to be coincidental. And I am not accusing you of doing this on purpose. Instead, I am proposing that something about the psychology of the struggle here the last month has prompted this behavior. I find it hard to believe that I am the only one disturbed by it. I am also afraid that people who are new to the site will let it affect your credibility, which I do not because I have been here so long. I just find it very annoying and potentially damaging to the thread. Thank you for letting me vent!
Regards |
