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Strategies & Market Trends : Pluvia's Fist.com - Pluvia's Plays & Portfolio

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To: rogermci® who wrote (1090)10/27/2000 8:50:10 AM
From: Pluvia   of 1766
 
hey roger,

I agree concerning the 40% drop. Shorting stocks when the market has dropped this far, particularly going into the two strongest Q's of the year... Well that don't sound too smart to me. A rising market tide raises all stock ships...

Including AMZN and HAND...

We've been knocking the cover off the ball going long. In the 10 day rally from the bottom, our port was up 40ish % from it's low. We sold and banked those profits, then re-bought a pile of stock yesterday including ADI, IMCL, MRVC, OPLK, NT CPST at very cheap prices... In another 10ish trade days we expect to add another 40ish % gain to the port.

Remember that saying - "Unless yer long - yer a ding doing", you'll only hear is saying it when the market's down 40%. While we've made a little money short on these dips, the easier money seems to be long for now...

Feel free to visit us at livetraders.net it's a free chat with IMO the BEST trading information flow on the net. Use the Mirc version and use the option to cut out the people entering/leaving and you'll find the mirc works GREAT. Has a voice chat room anyone can pop into and talk in also. Good stuff.

Good luck
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