Hi Arthur, a stronger comeback than I hoped for. Thank you. Please trust that I am not picking on anyone, but just want to further my understanding of the psychology that are amongst the SI community.
<<Market … “taking out the weak hands">>
This is exactly what happens on each bounce and bob within the context of a large trend driven by fundamentals.
<< dividends … whatever the amount; it is always priced>>
Dividend when not paid, either in share buy back or in cash, indicates one of two things: management has use for the money, or management does not have the money. In GE’s case, management had use of the money, but taking major hits now on all fronts (Japan, insurance, internet, traditional manufacturing).
<<I don't see any of your view on the economy and GE.>>
Here are my views on what is happening …
Message 15378361
And here are my positions
Message 15333774
<< on the NYSE that every sell has a buyer and economy treats all companies the same and market is always 6 month to a year ahead in valuation>>
I agree and intuitively true.
<<no one single company can be singled out for any devaluation>>
Small comfort for the buy and hold clan.
<<Crashes are momentum driven by fear and gloom>>
I agree again, and the momentum is not with the buy and hold clan.
I am also convinced that GE must be taken out in order to have a full fledged, wild panic, orgiastic collapse, and if GE holds, DOW will hold.
So, does that mean you are going to hold on until the bitter end? Why not dodge a pretty dangerous bullet?
Each day you decide to hold is a day you decided to buy at that day's ask price.
In good fun, Chugs, Jay |
