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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: exdaytrader76 who wrote (11074)	12/20/2000 8:01:07 PM
From: Brandon	Read Replies (2) \| Respond to of 18137

Off on a rant I shall go with my humble opinion. I think the people who are down 50% this year are stupid. I think the people who are going negative equity got exactly what they deserve and are idiots, they will be a good ridance. Is this the bottom? I dont know, I dont even care truth be told. Why is it that all these people insist tech must be the only sector out there? People need to take the blinders off and learn what being a trader is..part of being a trader is paying attention to where the money is to be made. The trends have been very strong in food and beverages, in utilities and drug makers to name a few. There is no reason what so ever that a person should not have been buying stocks in these sectors. No reason except blind stupidity. I think the great bull market made far too many un deserving market heros. People learned very bad habits that are now catching up with them. They learned that all the money is in tech, and they learned that over trading is good. In a market where if you bought one thing you made money, and if you bought two you made twice as much its very easy to make money...and do it the wrong way. Now people are learning (well some are) what it is to really be a trader, and in many cases its harder work than they are willing to commit too. So anyway, maybe this is the bottom, maybe its not..who cares. There is always always always rotation, there are always strong sectors..they just might not be the ones you want to be strong. The best advise I could give to a trader is to stop worrying if this is the bottom in tech or not. If its not and you try to pick it your going to loose money. If it is, great the trends will come back and you can buy the things wihth much lower risk. Im not much of a fundamentals guy, but I do know that with the economy slowing, and likely to get slower..that many stocks dont support the PEs they are currently at (CIEN is for example over 300). Anyways..sorry to be the grumpy guru type and be b'n moanin. Brandon