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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (7291)	11/6/2000 2:31:51 PM
From: Bruce A. Thompson	Respond to of 30051

Back in Cree @ $121 1/8. BT

To: Zeev Hed who wrote (7291)	11/6/2000 2:32:02 PM
From: Bruce A. Thompson	Respond to of 30051

Back in CREE @ $121 1/8. BT

To: Zeev Hed who wrote (7291)	11/6/2000 3:49:19 PM
From: Denice	Read Replies (6) \| Respond to of 30051

Zeev, Tim and All, I have been doing a lot of thinking since this last decline. I would have made some spectacular gains this year if only I knew when to sell and when to hang on. The few times I have sold out, the market rebounded immediately and left me hanging. The times I didn't sell, it continued down and down and down. Once the market is down, my cash is tied up making it impossible to take advantage of the low prices we have seen several times this year (I know you are screaming at me to use mental stops - but it is hard to use a mental stop when you have seen a stock $10 higher the day before, $10 lower this day, and $10 higher the day after). I don't understand how you manage to time things so perfectly but if you wrote a book I'd be the first one in line. I am constantly amazed and I admire your God given talent. In the mean time, I have an idea and would like to run it past you. Zeev, if your market predictions are even close to a trading pattern of 1900 to 5000 on the NAZ the next few years it means we must look forward to more volatility. Tim also seems in agreement that we will decline. I am in the process of liquidating my stocks to sit on the sidelines for a while. I plan on waiting this time until I see the whites of their eyes (Zeev's expression) and pulling the trigger when no else else wants any stock. Let's use this last decline as an example. If the stocks rebound 50% from their lows I would only have to do this twice a year to capture a 100% gain. Less risk and I completely satisfied with doubling my money each year. Question is can I do this. Am I making any sense? Although I don't add much to this thread I read it every day. I appreciate all of you. Thanks. Denice