SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Rande Is . . . HOME
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Dennis O'Bell who wrote (47554)2/18/2001 12:46:35 AM
From: American Spirit  Read Replies (3) of 57584
 
So you're saying individual investors are all suckers?
Maybe you've got it backwards. If institutions are selling at the bottom - big double if - then they are the fools. Want to know something though? I know some brokers and big buyers and they're no different than you or me. They don't know Sh*t about where we're headed either. So maybe what's the diff? Sure they sometimes get inside info (though that's illegal) but they got screwed on the dot-bombs the same as everyone else. And they were buying drug stocks at the top and selling others at the bottom and really the only difference between them and us is that they have a licence and more money. And can get the word from up top sooner than we. But thw word from up top is sometimes wrong too.

One of my best friends is part owner of one of the largest Wall Street newspapers and gets all kinds of juicy info. He got killed at the end of last year. Instead of losing $50,000 like some of us he lost $2,000,000. That's another difference. Mostly it's just luck making that decision to get out at the top or buy at the bottom. The reverse of what everyone else is doing at the time. Sometimes your decision has nothing to do with market savvy. Just accidental timing. I bought some real estate last year and good thing because that money otherwise would have been cut in half on techs. But I was just lucky. I had no idea where the market was going.

To buy the bargains or sell or short (maybe) at the bottom? That is the question. And no one has a crystal ball. Unfortunately the only one who's been right lately is Softie. He called it. But maybe he'll be dead wrong next time.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News