dao,
About the daytrading books: you may go to the bookstores and try to read all of them. Technical and fundamental analysis to me is like the sex education to the priest. These writers might have written those books after they failed what they were supposed to do. Basically, the support and resistant of the stock prices are more useful.
About the risk: The risks to all short-term traders are about the same, even though the price changes are not totally white noise. It is the not totally random impacts (such as news etc) that make the risk the same to all traders except to the longer-term investors.
About the difference between AMZN and DELL: AMZN has only 50 mil shares outstanding. The price went higher mainly due to the short covering. Funds usually have many rules and regulations that forbid them to gamble on AMZN (samll, higher risk than index, boss will blame on them if lost, etc) Their goal is to match or beat the S&P, not maximize profit). DELL is large-cap now. The funds need to be diversified according to their theories, so they have to buy tech stocks (max 4-5% on a single one and min of twentysome kinds). CPQ, MOT, HWP, GTW, CA etc are all knocked down by their poor earnings. There are not may good ones to buy or hold.
About the ones you hold on the IRA accounts: they all might just stay at that levels for a while now. I have not clues what to do.
About AMZN: I don't think I can help you here. My best guess is that you may get your money back if you hold it. It heavily depends on the markets conditions. |
