Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (7557)	12/14/2000 2:12:02 PM
From: mishedlo	Read Replies (2) \| Respond to of 13572

<<Your should change your name to DEATH To The Market, and I should change my name, to Here Lies One Stopped Out Investor. Watch this be the last great buying op before the Fed lowers. Greg>> Greg - I am just trying to go with the major flow, which since March as been down. It is not That I want death to the market, it is the market giving death. All I can do is try and trade in the direction of the market (ZERO-LOL). I now have a very simple rule, that saved me from buying RMBS at support of 50 yesterday. If the Naz is red, look for shorting opportunities If the Naz is green, look for buying opportunities. We just had a huge runup, and yes I did get killed selling into it. But we are now headed back down. We were long overdue for a big rally and I sold into it too early. Another thing to do is buy after 3 big down days in a row. Tomorrow could be the third. Then sell in the 1 1/2 day rally that follows. Holding after a 100% runup on NTAP and a 60% runup on EMLX or JNPR seemed silly to me. It seemed even sillier to suggest a buying opportunity. Stocks have been falling through multiple levels of support all the time on the way down, and I am tired of knife cuts. Except during big runups they seem to quickly fail at the next resistance going up. At any rate I am trying to stay flat and not do too many trades at a time. If this market makes me a day trader, when I would rather be an investor, I can not help that. At least I stand vindicated that the market had already priced in a Bush "win", and a big selloff was overdue. M