Companies with earnings are are getting slapped around pretty good as well......
I was almost laughed off the thread when I suggested extr charts showed a move below $20 was possible....and ntap move to under $30 was probable and maybe teens......Look at both now. Funny thing is, I would love to own both, but trying to wait til they find a base......
As far as pointing out a bad call by scott (netp)...c'mon ed, that is below you. we have ALL made some bad calls....including you. Nobody is immune to being smacked by this market....atml is a great stock, but your currently down on it.....big deal, right? You feel atml will come back, therfor you stay in and/or increase your position. Everybody has different trading and investement philosophies...you are different then sara who is different then john who is different then bob and etc.....whatever works for each of us. As far as these speculative plays, seems like scott hit a nice one with this NVTL ( I think that was the symbol)....losing money but good potential and if I recall where he first bought, he is sitting on a pretty nice % gain....meanwhile my stocks with earnings like atml, qcom, jdsu and etc.....are in free fall mode.....additionally, on ICGE I am up almost....not including my free shares, just recently purchased shares.....30%...and this is recent. The company currently has no earnings, yet it is my best performer ( not including my sunw 03 otm leaps ) in the last few weeks % wise......what does this mean? Absolutely nothing, because maybe tomorrow icge is at $1 and I am underwater, while my good companies come roaring back........anyway, I guess my point is, that you have very valid points, but everybody is different and everybody has different investement methods...what works for some may not work for others...what some deem as risky, others thrive upon....anyway, like I said yesterday, lets wait and see what time brings us.....
happy trading
keith |
