The poster below used to be an investor in disk drive stocks. Now it appears he's a short-term trader. Was it the disk drive stocks, or that market, that did this to him?
Also note that the market appears to have a downside opening tomorrow. That means that, effectively, Tuesday's bounceback has already dribbled away.
So in today's market, it pays to either be short, holding a lot of cash, or waiting for a rich uncle to kick off.
Larry the Cheerful
PS: This site:
members.tripod.com
has some nice, simple long-term charts of the major indexes (the graphs were made by Rudy, one of our fellow posters). There is also some simple commentary.
1.I think the graphs are nice, to give you an idea of what has been happening over the last several years.
2.The commentary is simple, and makes sense of the market.
(Not that you have to look at the site, but it's useful as a starting point to thinking about the market.)
www3.techstocks.com
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To: Rudy (12626 )
From: tom pope
Wednesday, Sep 9 1998 9:00PM ET
Reply # of 12627
>>I like add stock picks in the future however at the moment I have no picks to
offer during these wild volatility.<<
Not even shorts??
I have to be away tomorrow, and covered my shorts today. Now I wish I hadn't.
Globex down a ton.
Shows that short-term thinking (it's 3:55, what the heck do I do now?) gets in the way
of long-term (2-3 days) perspective.
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