Making Money is Main Objective Message Board

STOCKTALK

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 : Making Money is Main Objective

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Softechie who wrote (1039)	4/5/2001 10:02:31 PM
From: American Spirit	Read Replies (1) of 2155

Softechie, you were right about Naz 1950, you were right (after a few rallies) on the next leg down, but being right for long is very-very difficult and the odds are against you. Take it from someone who knows. When the market turns against your ideas and you've had a nice run maybe it's time to go long again, like you were long LU and WCOM as I remember about six weeks ago. Can't be one-dimensional in this market. I lost by not thinking short at the highs. You can lose too by not seeing the silver lining at the bottom . Once telco equipment stock inventories burn off thre are going to be shortages. Big-time shortages. Same with chips and even boxes. Just think about that a minute. What if within three months there are shortages? Then they will have to ramp up and profits will be suddenly huge again. Cap spending too will accelerate like hell. So you may have been right lately but your opinion is living on very borrowed time. no pun intended. I gave you credit on Rande's for calling the 1950 drop on the money. Wish I had listened to you. But now listen to me. Look for another nice bounce or two in coming sessions then perhaps an interim rate cut to get us into May in a fairly bullish mode. May 15 cut is expected as well. After that there may be shortages, improvements, etc. And three will certainly be cheap money, debt restructuring and lots of takovers. Even LU might come out of this a "winner" by later this year. Remember you were long when LU was at 17. That was just 6 weeks ago and it's a double from here. Not unlikely it could even triple by year's end. Much more likely than ever testing 5 again. But if it does re-test I'll buy it. Recovery is inevitable unless we experience Armageddon. Unless China wants to invade us or the sky starts falling don't expect that to happen.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next