Thank you for the nice post Rambi. The thing I find most
interesting about the market is, it is totally irrational.
We have good stocks like SYMM tanking, while KKD
donuts hits news highs every day and a P/E 100 something
just for donuts. I used to think that fundementals mattered,
but now I have learned that they matter in the very long
term, like a year or something like that. NVDA same thing.
Of course all the Biotechs are similar as well. It's
really funny to watch the market jazz up the SOX stocks
when they were warning in april, and then tank hard
when they are warning today. People call them the herd,
the sheep, and I call it the "collective" (borg) he he.
But I think to really get rich, you have to be able
to be "assimilated", so that you can understand
when "Da Borg or Da Boyz" are really buying or distributing.
This could just be a fib retrace to 38...It could
be a 50 fib and then a hard bounce up. We could tank
all the way to 1600 to make a double bottom. It seems
to me that it is really impossible to know, so the
safest trade is intraday only. That's why I wish I had
a ton of money so that I could just trade teenies and
scalp 10 cents for a large profit. :) |
