This is gambling, folks, educated gambling. Short, long or otherwise.
Would have you look at some charts for SEBL, VRTS , BEAS
QLGC, NTAP, VRTS , BRCD , NTAP, ARBA , EXDS , ITWO,
MERQ, MUSE, MANU, ORCL, VRSN, ARBA, EXTR, SONS , OPWV, CMVT
FDRY , AKAM, CFLO RMBS ,
RIMM ,HAND, PALM .....
and CIEN, FNSR, DIGL, JNPR & JDSU ...if only just talking
of the month of August ?
Tell me AM , if you played any of those above from
the first of August on the short side , where do you
see it as "Gambling" ?
Most every one & all of them are down 50% !
It seemed pretty clear for anyone able to read the huge Billboard
lit up in ---------> flashing Neon lights !
---->that spoke of every economic indicator affecting the
Tech Sector of crashing IT spending & renewed licenses....
complete disappearence in Telecom Capex spending ...huge glut
in the fibre/broadband...dwindling advertising spending...
falling demand and crashing prices for Semi-conductors
(esp in DRAM) and squeezed margins and falling sales
in the PC makers...all this plus an erroding
consumer confidence.
(Not to mention , the market --->selling off
after every new announced rate-cut!)
Where did you see it as "gambling" to have been short
during this time that most every professional trader
out there was roaming the NASD
as the --->PE police ?
And shorting every rally ?
** If you missed what happened this past month , you sure
must have been blinking an awful lot , or maybe
in a summer slumber<G>
regards
;-)
Mars
PS: All that being said , wish you all the best buying LU , NT, and JDSU....and hope you are successful(very very lucky) bottom
fishing there <g> |
