Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: clochard who wrote (6695)	4/14/1998 12:41:00 PM
From: craig crawford	Read Replies (1) of 18691

<< That's why Crawford's method is so wrong. How can anyone of sound mind invest in a so fundamentally unsound way? >> The market isn't about being "right". It's about making money. If you have to follow the mo-mo crowd to do it so be it. Go ahead and fight the trend for a while, eventually it will turn your way. There is more than one way to make money, and your method will eventually work for you. << A lot of them feel that they can make their fortune and get out, but it doesn't work that way for most because the same overwhelming greed and recklessness that got them in will keep them there until the morning of the abyss >> How do you know I won't get out in time? You make a lot of assumptions. If you get lucky and pick the right stocks (DELL, C$CO, MSFT, YHOO, etc) you will have so much profit that you can survive a wake up call one morning. On the other hand, shorting something and just riding it up can destroy you just as fast. Right about the time you can't take the pain anymore and your broker buys you in, the squeeze stops. Furthermore, how do you know I am reckless? I think I am a good enough trader that I don't need to bet it all on one stock and a crazy market. I am confident that I can repeat the process over and over again and I will be happy building my fortune slowly. << YHOO is a ponzi scheme which will crash one day without warning, and Crawford needs to realize that the rest of us on this thread are not comfortable with a long position. >> I don't have a problem with people who short YHOO. YHOO is closer to a top than a bottom. (For the time being. Long-term in can go plenty higher). I just thought it was a little silly to insult the longs while the stock was going up 30 points a week.

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