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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 155.15+2.1%3:59 PM EST

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To: Robert Douglas who wrote (9491)2/8/2001 2:54:26 PM
From: Math Junkie  Read Replies (1) of 10921
 
Re: It's when people are boasting about "buying another 1,000 XYZ" that it's time to head for the hills.

It is true that there is always a great deal of bullishness at major highs, but the appearance of such posts is not much help in timing one's stock sales, because you will typically see them throughout any long period of upward momentum. For example, here is someone who added to his AMAT position in the 28 to 30 range (split-adjusted) in May of '99, after it had gone up by about 150%:

Message 9603921

That post was about as bullish as you can get. Over the next ten months, the stock roughly quadrupled, and even after the past year's devastating weakness, he is still in the black on that purchase.

chart.yahoo.com
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