Joe, loved the show. Put me back into a good mood. You know me always the optimist, but being a cheerleader for techs was like being a cheerleader for the Dallas Cowboys this year. You know they can do so much better, fundamentally they are strong in almost every area, but things just couldn't get on track. So I got tired of cheering and have been watching the game in amazement and trying to learn from it.
You and I know eventually all the stocks we are following are going to soar, but we've taken a beating and if we had traded we would have been in a position to buy so manyy more shares at such a lower price, we could really have done well when these things start moving. Now a big move up is only going to get me back to sqaure one.
I just hope the earnings season is positive and we start seeing some big volume up days, both for the market, tech sector and individual stocks. It's funny how something is so obvious, but now I can see it so easily... if you look at any (company stock) chart for sometime you see that a day where volume is lets say 4 to 5 times higher (at minimum) than the average is needed to indicate a change in direction and maybe some confirmation again in a few days to weeks. Until you see that, many stocks just seem to drift back into going the previous direction.
I'm setting my excitment sensors to monitor level for now until they sense such indicators, then I'll be ready and pumped.
The message boards here really do help one cope with the frustration the market can generate. It's really a help knowing your not the only one in a stock that's been sitting in idle or drifting aimlessly, or your thoughts and expectations for a company are'nt unique. Thanks. |
