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Strategies & Market Trends : Guidance and Visibility
AAPL 270.21+0.4%3:59 PM EST
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To: mistermj who wrote (76787)10/8/2002 5:41:26 PM
From: Paul A  Read Replies (3) of 208838
 
hmmm.. I dunno if I agree with you but hey, to each his own..

I make money both long and short, and I try and let the market dictate what way I should be playing.. I never touched BRCD until the last 2 weeks because I felt it was an overpriced monster waiting to come down.. I failed to make money on the short side, but I feel at these levels there is an opportunity to make a few points on the long side. If you disagree with this thinking thats fine, but to call people 'dumb' for speculating is pretty rude, no?

Im sure there are alot of folks out there trying desperately to make their loses back.. Thankfully im not one of them. but I can tell you this much: There are alot of novice shorts that were born with this bear.. and Im counting on those people to be the necessary amunition to give us a huge move higher at some point in the next few weeks. Ill bet alot of folks will be whiped out when that happens because they will keep trying to 'short the rally' and the market will have changed its game plan and the refusal to change will clean them out.. it works both ways..

Are you familiar with Zeev Hed? Do you realize that he plays the markets entirely from the long side? Never shorts.. and yet hes quite sucessful (at least from what I can see). To each his own is my point.. Heck- I made a LOT of money playing KTEL long and short, knowing full well it was absolute garbage..

but nobody is a fool/idiot just because they dont follow your way of thinking..
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