on review i wasn't precisely correct. It was 4/6 the first LIGHT BULB blinks on:)(all italics/boldface just now added as i didn't know to do th html lingo then:)<on review this is a really nice historical record of my thought process> in this post Message 13363804
<<<<i going to 70% cash on open,selling shares at overall even,and carrying the red---and will be looking for puts on QQQ--TA signal for NASD went negative yesterday 6/15/2002 insert--in retrospect those puts were "brilliant" maneuver LOL!, i was able defend my longs and then sold all--end insert, max)---feel the worst isn't over---sometime between now and mid may,we have a better than 50/50 chance of major breakdown,imo.max
my target,to get out April with what i entered it,not looking to make anything this month.max>>>>
Message 13364278
<<<<Thursday, Apr 6, 2000 10:02 AM
Respond to of 48625
if you go by TA,we got a major bad signal on NASD yesterday--i just bought 20 May94s QQQ puts---i am seeing an up down pattern for NASD,and then a re-test of 3650,and if it fails,we are going to 3200---i bought my puts as NASD was upticking to 100plus---and also pulled out 50k from my holdings at no loss---except for the red i am carrying,like my plan--i am finding those arguing for a real turnaround rally,are saying "i hope,i hope" too much.max
>>>>
Message 13365353
<<<<
Thursday, Apr 6, 2000 11:42 AM
Respond to of 48625
todays action on QXLC sends a statement,and that is some analyst putting a 333 price target,doesn't wash anymore---gees this is now down huge after it's opening pop,and even Meekers calling YHOO the next MSFT,isn't going over that well,are investors waking up to fact that the street is a hype machine? ---MAX>>>>
Message 13369727
<<<<To:hotlinktuna who wrote (28932)
From: itsallover Thursday, Apr 6, 2000 8:38 PM
View Replies (3) | Respond to of 48625
hotlink,i have been trying every trick i know to get back to 100% cash,one of best ways is to use any profitable trade to take out an equal amount of red--i used a 3k profit on 2k shares in one to pull out 60k at even overall--max p.s. i do this to maintain the already realized profits i have since the new year>>>>
and here is the key post , the one that MATTERS the most, and gets to what i was thinking at that very moment, and shows my central turning point, my revelatory moment:)
<<<<To:Canuck Dave who wrote (28956)
From: itsallover Friday, Apr 7, 2000 4:36 PM
Respond to of 48625
a lot of people are saying they don't know what's going on,the buy the dip mentality is SO powerful,that the crash to rise on tuesday rebound was the quickest rebound by far,in the history of the stock market,that the NO FEAR still rules(and that is not good),even though the marginners got killed,and washed out of the market,for a time---so what happens with NASD now--was 5000,what was TOO TOO HIGH 2 weeks ago,is it then going to be just right 2weeks from now??? no logic there at all! i remain believing that between now and november,this will have a bad end,and that tuesday was just red flag to what is to come.
the non-traders that bought the dip(it was a great day for traders who caught it,as Jeff can testify) on tuesday will eventually crack when they see their profits vanish in a blink one day.
Mary Meeker saying YHOO deserves a 700billion market cap,was one of the most shameless pumpster statements i have ever heard,and shows the speculative mania still raves on,and wallstreet are the hucksers that pump it.
one person i find makes pretty good calls,is seeing April as a drive back to 5000,leading into a terrible may---i see this still as jack be nimble jack be quick market,and if you guess wrong you are history(how many carcasses were piled up between the end of march and 4/4?)--max
And there it is LR, a bit of history of how a thought process evolves, it took 3 days, it was a pleasure really to go back in time and actually see how this thought process evolved. PaxMax link to that last post is Message 13376760 |
