The best time to buy AMCC, PMCS or GLW was October 12th. .actually between about the 9th and the 12th . . .they were the lowest they have been since April/May. All three are considerably higher now. In fact, many of our favorite tech stocks follow this scenario.
October 9, 2000 The day I declared to be "Fully Long".
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Oct. 12, 2000 I briefly discussed going long these issues:
Message 14565856
Message 14566014
Note: My long portfolio was "officially" started the following day, Friday, October 13th. . . .although most everyone here was in prior to that date.
To answer your question, if you feel that we move higher from here on the Nasdaq, then the best time to buy AMCC or PMCS has passed. . .and buying dips would be the best course. If you feel that the Nasdaq takes another dump, then it would be best to wait for an entry in these. Sorry, but that is the closest I get to giving advice. . .for legal reasons.
I felt as though the markets had reversed. I announced that I thought it reversed. I took positions as if it had reversed. And I am holding my positions with both hands as if the Nasdaq had reversed its downward trend. Fully long and fully bullish.
[Except I plan on selling my swing trades into any late day S-4DML surges, since today would be the 4th day of this manipulated squeeze play.]
At last, today I feel a bit like the lonely bull. . . similarly to last year about this time. Bearishness is everywhere. . . everyone has a reason on the tip of their tongue why the Nasdaq should move lower.
When the herd is bearish, the contrarian is bullish.
Rande Is
PS> Posts such as this are not intended to sound "smug". . .but rather are necessary to show that we are on the right track. . .especially in light of so many bashers on these boards. |
