DH,
I'd like to know and discover where I went wrong and how I can prevent it in the future.
Blinded by conviction and failure to see the trend. The same old adage keeps coming back--
Don't fight the trend--we did. The nets may be nuts, but we missed the rocket. The market told us it wanted to take these tulips to the sky. We should've listened and gotten a ride. Could have gotten off anytime. Too late? Who knows? The tops and bottoms are hard to play. Will wait now and see which way we'll go. As Thean said, the market is a 100 car train--unless it derails, it tends to head in one direction until a whole bunch of things happen to make it stop and go the other way. Once it gains momentum going the other way, the same thing happens. Greenspan derailed the fall. Who or what's gonna derail the rise?
Don't really ask why, just take what the market gives you--we didn't.
Who the heck really knows what's going to happen on a short term basis? No one---ok, maybe Greenspan and Rubin, but that's about it.
I keep making the same mistakes, also. Oh, well, live and learn. The market always gives you another chance. Good luck.
mike |
