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Strategies & Market Trends : Guidance and Visibility
AAPL 266.38-0.8%Nov 20 3:59 PM EST

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To: DebtBomb who wrote (17770)9/22/2001 11:57:43 AM
From: Paul A  Read Replies (2) of 208838
 
IM just using the simple thinking that when you have such an incredibly breathtaking pullback, that eventually (and its obviously difficult to predict when) there will be a sharp rally from short covering and bargain hunters..

I just look at AMD and wonder where it becomes a good buy.. at 9? or 5? If you have faith in the company like I do, buying right now for long term is definately not all that risky.. but then I can agree with you when you look at MSFT which still could get cut in half and be over priced- but I doubt youll ever see it.. In fact, I dont think youll ever see a day where you can look at the entire market as and say wow- finally everything is no longer over priced, no premiums, and its a great time to buy..

I dont try to figure these things out.. I just set stops, make a decision based on what I think will happen in the next 1-3 weeks and pray alot : ) but I gave up trying to argue about valuations when we started taking off to the moon a few years ago.

I guess what id REALLY love to know is- when we finally reach a point where the general feeling is everything is 'priced in', what stocks will move up faster then the rest? will it be the ciscos or the intels? or will it be the AMD underdog plays?

Frickn RBAK is killing me.. Alot of my trading gains are being donated to keep this crap position alive.. I still think they will get taken out real soon for at least double where its trading now but how long can I hold out damnit!
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