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Strategies & Market Trends : Rande Is . . . HOME
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To: Softechie who wrote (44935)1/8/2001 6:12:25 PM
From: American Spirit  Read Replies (3) of 57584
 
What I object to is shorting and bad-mouthing the market when it has so far at least been proven that this is the bottom. After three re-tests now one ought to be aware that any bad news is priced in and only sheer panic selling will send us reeling below 2300 on the Naz. Do whatever you want but I'd caution again about shorting at the bottom. Or trying to scare people by predicting panic will rule. We are past tax-selling. The Fed is cutting. The slow tech quarter is a given. Now anything half decent will be an amazing upside surprise. Therefore I would be buying at these levels. I know you play it both ways but your talk about the "falling knife" this morning sounded like bashing to me. I won't listen to that kind of talk again as it cost me a couple of nice trades this afternoon. But I don't blame you. We all just do what we feel like doing. However check the Yahoo boards and see what crap the short bashers were throwing out this morning. Sign of the bottom indeed. And you don't want to be part of that. It borders on the criminal IMHO. Because I doubt whether any of them really believe what they are saying. Just sheer scare tactics so they can cover with a few more bucks in their pockets. Might even be organized shorting groups which is illegal. And it's not only disghonest but it hurts our country and our economy. Time to go long and get bullish again. Fear and loathing only leads to loss, anxiety and pain. I may lose some opportunities by not shorting but I'd rather just hold cash then invest when the time is right.
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