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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: im a survivor who wrote (28176)1/4/2001 12:41:00 PM
From: cyberian-husky  Read Replies (1) of 65232
 
KG4,
You and Freeus should pay attention to this.

Have you figured out what you are yet?
Are you and investor or a trader or are you a little of both? I'm going to try to tell you how you should be thinking right now with respect to an investor or a trader.

If you are an investor:

Make no doubt about it, this market has begun it's turn around. Average into strong valuable stocks in the subsectors you like. You are thinking longer term so do not worry about volatility.
Institutional investors were not able to take advantage of yesterday's surprise run. They are going to try to take your shares away from you now. They will take advantage of missed earning to bring down stocks in related sectors.
In the coming weeks, CNBC will begin telling you that the Fed waited too long. They will cry that recession is looming. They will try to make it feel all too real.
While they are filling your head with doubt you have to remember that this market is going to price in at least another additional 1/2 point or more of lower interest rates.
Understand that things will begin to turn around. This time be smart and don't let them fool you. They will try to rekindle those same feelings you have had over the past several months. If you can't stand the short term pain, then diversify with a few less volatile stocks.

If you are a trader:

Take advantage of the above. Try to grab a few more points on your favorites and take some profit. You are going to need it to buy again when this market is lower.
Understand that this level is not the lowest point the market is going to be in the next month or so. You want to be ready to buy when CNBC is trying to get you to crap your pants again.
Take advantage of those dumb bastards who are too stupid to see that we will be heading higher. They will practically give it away to you. Have the cash ready.

They will all believe whatever CNBC is telling them. Just like the shorts did yesterday morning and the weeks before.

The market is filled with shorts who still have crap in their pants from yesterday afternoon. The poor slobs were blind to the change in the Fed bias. They deserve to be sitting in filthy, stained underwear for not seeing the turn about to happen. They deserve to be laughed at. What a bunch of pathetic bastards. They are still crapping today as they pray for a downturn. Praying to see higher oil and natural gas prices. Praying for the dollar to fall. Praying for anything to stop them from getting that margin call. Praying for any sign of life in those PUTS they so eagerly bought. I laugh at their stupidity.

So don't let the market fool you. This time do it right. Take less risk and enjoy it more. Look at cyclicals, transportation, the banks, brokers, and techs to be sought after.
Be ready for less than spectacular earnings this month and more warnings. Remember that this will not last for long and the market is buying the future.

The above is just my opinion. Do what feels safe for you and your family.
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