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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Joshua Corbin who wrote (857)11/22/2000 8:57:41 AM
From: tradermike_1999  Read Replies (2) of 74559
 

People buy in bull market tops because they are greedy. They sell on bear market bottoms because they ... are forced to sell.

So buying at the top is stupid, but panic selling at the bottom is perfectly justified.

You do know that the object of this game is to make money... don't you?

You are twisting my words around. I didn't say selling at the bottom is a good thing to do - I said people hold as a stock drops and find that they are forced to sell at the bottom because they can no longer withstand the losses.

Also - this isn't the bottom. You keep repeating over and over again that people should not sell on the bottom as if asserting this is the bottom makes it so. People who held back in March or right before the market crash of 1929 suffered a horrible drop in net worth. Lets not talk people into doing that again. And lets not just hold our stocks in the hopes that this is the bottom with absolutely no evidence or facts to back it up.

Let me ask you this - since you have come on this thread you have repeatedly said everyone here is wrong because this is the bottom. That has been your main argument. However, you have not offered one shred of evidence to support this view. I ask you to do that now.
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