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Strategies & Market Trends : Predicting news and runs for big % gains -- Ignore unavailable to you. Want to Upgrade?

To: Boolish who wrote (422)	10/2/1999 12:46:00 AM
From: Hubert Few	Read Replies (1) \| Respond to of 2182

I am trying to apply some things I learned from various comments made by posters here over the last 3+ years. 1) the price at which I buy and sell a stock has absolutely no bearing on it's potential value. That is to say....in the case of USTI, I have a clear target in my mind of $1. It does not matter if the stock is "worth" $1 or $100 to anyone else, that is my perceived threshold of value. "Wow, when this sucker hits a buck, man am I going to be HAPPY!!!" that sort of thing. So, abandoning all reason, I sell at $1. The stock then goes to $5, $10, $20 I suppose the value of T/A would be that there is indeed a "resonance" produced by the momentum of MANY people whose $1 marks go off at one time....except that for one guy it's 25 cents, and for another one it's $1.50 Our behavior in every endeavor of life can be predicted if the sample lot is large enough....the stock market should be no different. Ah, but you know, the truth is.....I ain't buying any of it. Much as early astonomers saw pictures of animals in the heavens, "predictive analysis" is alchemy at best. "Yeah, yeah, I can see it, over there is the bear's head, and there's it's paw......man, why didn't I see that BEFORE NOW?????" Success at the stock market is one of pure intuition....if you learn to listen to it before you run out of money, you have done well. The extremes of my successes and failures parallels my experiences in life. If I were a boring, stable person, I should do well to invest in CDs and mutual funds.If my need to feel "alive" is defined by moments of crushing defeat and ecstatic victories, then I buy little crap-o stocks that nobody has heard of, and occasionally win enough back to keep playing! My only regret is that I didn't start out with at least 3 million dollars....