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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: lurqer who wrote (25443)	5/28/2000 11:39:00 AM
From: StockHawk	Respond to of 54805

>>manias can endure long beyond any rational expectation<< And that is why any type of predictive analysis, whether TA or valuations often fail us. The other day tekboy posted that the QCOM options he had bought one afternoon closed up on the day he purchased them (something like 20% up). And isn't that what we all do - we take a look at where a stock closed on the day we traded it to see if we made the right decision - as if the price movement over a few hours means anything. Lets say I buy a stock at $25 and it goes to $100 in short order. Then using TA or some other metric I realize it is now overvalued and I sell it. Unfortunately the stock closes the day and $107 and I'm not too happy. A few days later it's at $125 and I start to think - if I held a little longer I would have a five bagger instead of a four, I just made a mistake. Perhaps I was wrong, maybe I should get back in - didn't I just read that smart people average up?. And week after week, as prices continue to move up, market forces work against our resolve to convince us that this time is different, that there is no where to go but up, that we had better get back on the train. Read any posts by Clam Clam lately? He/she is probably a pretty smart person, good at spotting market excesses and speculation. He started the AMZN thread - we all know Amazon, the poster child for no-profit companies. How many zillion percent did their stock rise after the IPO? This is the thread header: Started By: Clam Clam Date: May 13, 1997 9:11 PM IPO coming out tomorrow. $14-16 range. Another internet flash in the pan?? With Barnesandnoble.com, AOL and CUC Int'l standing ready to eat Amazon's lunch, what are peoples' thoughts on when to short this one? Can you say roman candle...

To: lurqer who wrote (25443)	5/28/2000 3:03:00 PM
From: lurqer	Read Replies (2) \| Respond to of 54805

O.T. ST, TA, etc. Given the recent market correction and the precipitous declines in personal portfolios, I understand the sudden interest in preventative thinking. In my previous post this weekend, I stressed the difficulties of ST techniques. Since I believe a detailed discussion of ST techniques and strategies on this thread is about as appropriate as taking a "boombox" to church/mosque/temple, I'll merely direct those interested towards other fine threads on SI. As a start, consider the market direction perspective given by the MDD thread which is different from say the "swing trade" threads. Here (G&K) is where I look for ideas to invest any trading profits. <gg> Hanging around... lurqer