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To: Kevin Podsiadlik who wrote (114752)1/8/2001 4:25:31 PM
From: craig crawford  Read Replies (1) | Respond to of 164684
 
>> Yeah, if I'd been psychic enough to buy just before the rate cut I'd be down only two points instead of four. Big help that cut. <<

It has nothing to do with being psychic. It has to do with being able to have the discipline to not buy into all the pessimism and get discouraged, rather to constantly be on the lookout trying to see if there are some good buys out there on a technical basis or a fundamental basis.

It's so easy to be pessimistic right now! All the bears have to say over and over is "earnings are bad, earnings outlooks are bad, sentiment is bad, blah, blah blah." How hard is that? How OBVIOUS is that? It's easy to get lulled into a sense of complacency when things go the bears way for so long. It's easy to get so discouraged that you don't even want to look at your screen anymore if you're a bull.

The people that have the discipline and courage to keep fighting on looking for signs of opportunity are the ones who reap the rewards! LAZY people with no discipline are the ones who say, "The Fed eased. I guess I can jump in now!". Well those are the type of people that paid 32 for ORCL a couple days ago. People like me that bought before the Fed ease snapped it up in the 25's.

>> I'll take that as a "you're exactly right, 'uptrend' means 'anything not making new lows' to me" answer to my question. <<

I'll take that as you are a moron and I will not be posting to you anymore.

P.S. Looks like 4 out of 5 stocks I bought calls on are higher now, INTC being the only one about even.