Well said Frederick....I mean all this rhetoric is a bunch of horse crap a best. Its also humorous to me to sit here and read posts from this board, of which there are some very good traders, and read the kind of horse manure that is dribbling from it. Just like I said in my previous post, everyone here is talking like this is the end of the world and all these tech companies are dead and will never come to life again. Well my friends, just like they were touting the nasdaq to be entering a new era at 5000, are the people on the other side who are saying the nasdaq is going to hell. Guys..its the way and history of the market to GAIN and LOSE confidence about our economy, and the market will reflect those sentiments. I have NO doubt the nasdaq will recover to bigger and better things, but until then we will obviously trade the trend. But what is silly is to read these posts about a number of tech companies or "blimps" and act like their technologies and earnings potential are not there for the future is really ridiculous. Its almost kind of arrogant to read them. Again, I'm not saying that some of the information isn't very valid and helpful. I believe Jenna is an excellent, very perceptive trader along with other traders here and I have always appreciated to get input from everyone. But I always have this sort of contrarian point of view that when everybody is saying "the nasdaq is going to 10,000!", its time to get out. SO now everyone here is saying " Its over for tech stocks!....the end of the world!", ITS TIME TO GET IN. I'm sure someone will ask me "how do you know?", just look at the history of the market.
I only mention all these things because I am a position trader at heart, but I have been forced to long term "daytrade" to survive and keep my capital. It has really annoyed the crap out of me to continue doing it, but I do it. If any of you guys here are trading like the successful trades that have been posted, then I applaud you. You've done well in an extremely difficult market. I have just come to the point that rather than "long term daytrade", I choose to hold stocks, of which I started to accumulate in the past week, and let the market do its thing. I just feel that after everything is said and done, the time will come to realize that you should have bought certain tech stocks for the longer short term haul. I'm not knocking daytrading, its just that there comes a time to realize that one might take a position in some stocks that have HUGE potential for the future. When you really think about it, really only close to 5% of the worlds population uses the internet. I think thats a staggeringly low percentage.
Again, I'm not saying that I have turned into an " investor" so to say, but its time to realize and see the potential from here of how high the nasdaq could trade in the future years. Enough of this doom and gloom. Take it all in moderation.
TraderXx |
