Yeah ok. Obviously you are fresh out of an Anthony Robbins seminar and I love your enthusiasm but remember it is a liquidity driven market. All of these so called wonderful things that change our life like the ability to download mass quantities of pornography at record rates and to be able to buy toothpaste online is fine and dandy, but, what does that really have to do with the market? Since when in this century has technology stood still? Funny, there were periods of great breakthroughs that resulted in no real stock market movement, so what makes it different today? Liquidity of the masses and demographics has had a huge effect on the market. Remember the sixties? Not a really rocking time in the stock market, but then the bulk of the population were kids protesting the system and getting high. Now, that they have discovered responsibilities, they have been investing religiously for the last 20 odd years, saving for that big wait till da dirt nap called retirement. So you have this big bulge flowing through he snake of this market driving stocks. So while you think that nothing can stop this freight train, let me remind you of when the liquidity train stops, or, as I like to say, when the snake has to go poo poo what happens then? Who or should I say, to whom are we going to sell to? Now don't get me wrong, I believe in long-term investing in some stocks. I think it is great you have held Qcom and are doing well with it.
I too have held many winners up till the last 2 months like Dell, Yahoo, Ebay but have gone to a trading strategy due to the speed of their advance. This is my system and I have had success with it. I don't recommend it for others due to the time and attention it requires.
And as far as my short-term trading. I am very pleased but then again; I was doing well even before the net stocks.
Disclaimer: No reference to QCOM. I think the earnings are great and nice to see a blow out quarter for a change.)
Good luck to ya! |
