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To: mishedlo who wrote (7612)12/16/2000 7:13:18 PM
From: Catcher  Read Replies (1) | Respond to of 13572
 
misheldo, thanks very much for taking the time to put the "25 tips" together. Reading them reminded me that there is a whole lot for me to learn. i have been a very aggressive investor (100% tech and margin--off & on) for the last 2 years. This style worked very well for me for the first 14 months but has "worked" very poorly (obviously) for the last 10. I need a crash course on investing in a bear market...still clinging to the stlye that brought me 200% return (largely qcom) for those distant 14 months. incredibly hard for me to let go...have lost most of the income i worked so hard to build. So convinced that the fo stocks & net infra stocks i hold will prevail long term that i have clung to them. as you can see, i can benefit from some of the tips you outline--before i start to erode principal.



To: mishedlo who wrote (7612)12/16/2000 9:44:05 PM
From: Walter Xie  Respond to of 13572
 
Hi Everyone,
Too busy following SI guru's tips to find time post my own for quite a long time <g>. Not really! At least not for this year. So I've been profitable thus far this year :).
No longer a big risk taker, so I limit myself to trading QQQ most of the time and developed a corresponding strategy suit for me (also benefited a few coworkers who adopted it, ...sort of). Now I don't need to worry about any specific news from a single company (unless it's MSFT warning). I can focus on the big economic picture and technical analysis of the chart (NDX, SOX...).
I tend to agree both Mike and Greg's view in that
1. a serious recession is coming sometime next year.
2. Fed will cut next Tue. and a couple of more times next year.
3. 2 will not prevent 1 from happening (It's the economy that has the final say!) and the stock market will go down significantly from here until every bull and his brother have no money left to invest.
4. Tuesday's cut will trigger a short-lived rally to push QQQ to just below $70 then we are back to the down trend and make new lows.
5. Trading will be the main means to make money in the near future. I set 20% for long-term short (a few months) and 80% to trade.
6. Take Mike's tip, I'm open minded for every possibility.
good luck everyone,
Walter



To: mishedlo who wrote (7612)12/18/2000 2:08:30 AM
From: hueyone  Respond to of 13572
 
Nice job on the 25 tips. I had a little problem with tip #1 though: When the market is sinking rapidly and you are looking to buy short term, this may help you find the day's bottom: If the SSTI is not below 1, or at least has not fallen from a high number to about 1, then just stay the hell out of it.

I knew you had lost confidence in Silicon Storage Technology, but honestly, do you really think a person should wait for SST to go all the way to 1 before getting back in the market? (gg)

Huey@jokingaround.com