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Strategies & Market Trends : ahhaha's ahs
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To: ahhaha who wrote (4231)4/22/2002 12:09:09 PM
From: ahhahaRead Replies (2) of 24758
 
If you're concerned about the rants of Chicken Little, then you must remember we are in a bull market.

In a bull market you will hate it all the way up since it runs up and you're fearful to chase, only to fall and you're fearful to buy, but it seems it's always falling. Four hard won begrudging steps upward and three fall on nothing blink of the eye downward steps. Aye, that's a bull market for ya. You only remember the suffering of the fall because it hits your psychology so hard. All that work and phut, gone in a tinkling.

You hold your nose and buy the dips on the stocks you had wished you had bought as long as they don't trade below your buy point. If they go below that point, you sell and take the loss. If your conviction level is high, you hold. Never add unless it's breaking out of a base and you're adding on news at a higher level than you previously bought. Sell dogs after three months that have failed to hold your buy point or ones that have lost 20%.

You may have noticed how the big networking/telecom equipment stocks dropped in sympathy with someone's report on how bad it is. They were laboring up and then got whacked; dropped price right into the specialist who didn't want to buy. Big institutions should be accumulating these kinds of companies because they exhibit all the classic signs of bottoming.
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