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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?


To: Jerry Olson who wrote (5371)1/15/2001 1:35:21 PM
From: rocklobster  Read Replies (2) | Respond to of 8925
 
Well I didnt mean follow like that.. I notice you in stock attack talking to Don Sew, and I like that thread too. Yes I think it is useful. I will bring it in for sure. It played out real well over the last few dayz. I will be watching for the big gap up because you know the big boyz love to liquidate those accounts.. ie. remove as much of our money from our pockets into theirs. I think this move has maybe one or two more dayz in it, but if we get a big gap up tomorrow, I will expect a close at the low. I'm expecting a gap up day either Tuesday or Wednesday, followed by a liquidation move down. Wednesday makes the most sense, since options expiration is Friday, so I would not expect a big move down on friday. If we got a big Wednesday gap, it could spell a big down day next Monday..

Well I will be trying to take it one day at a time. but these are some of the things I'm watching

rok



To: Jerry Olson who wrote (5371)1/15/2001 1:39:07 PM
From: Jerry Olson  Read Replies (2) | Respond to of 8925
 
I am currently being interviewed by a major Financial Magazine...a big boy<g>...

one of the questions was..

HOW LONG DO YOU TYPICALLY HOLD AN INVESTMENT...

i think thats been the whole problem with all of us..we don;t know when to SELL...buying is hard enough, but SELLING?? hmmm thats tough..

SO MY ANSWER WAS THIS....THINK OF A STOCK OR SECTOR AS A "FRUIT FLY"...THEY ARE BORN----THEY FLY----THEY MATE---THEY DIE....<G>...I TOLD THEM, IF WE COULD LEARN TO SELL AFTER THEY MATE WE'LL BE MILLIONARE'S....

AND THE SAME IS TRUE FOR SECTORS TOO...IF YOU FOLLOW POINT AND FIGURE, OR TERESA'S EXCELLENT LONGER TERM CALLS USING HER EXPERTISE IN CANDLE STICKS...YOU CAN PLAINLY BEGIN TO SEE OVERBOUGHT SECTORS AND STOCKS IN THOSE SECTORS THAT "HAVE TO BE SOLD"...YOU HAVE TO TAKE PROFITS IN YOUR LONG TERM PORTFOLIO'S..JUST DO IT 2-3 TIMES A YEAR..DO NOT SIT THERE WATCHING MAJOR PROFITS ERODE AWAY..BECAUSE YOU THINK IT'S SUPPOSED TO GO UP FOREVER???

IT'S LIKE FALLING IN LOVE WITH A STOCK...IT COST ME BIG BUCKS LAST YEAR DOING THAT WITH KLIC...BAD NEWS, VERY BAD..OF COURSE THINGS ARE BETTER NOW..MUCH BETTER...

SO THE MORAL OF THE STORY IS THIS...DUMP THOSE OVERBOUGHT FRUIT FLIES RIGHT AFTER THEY MATE...GOT THAT???..AFTER THEY MATE...THEY ALWAYS DROP "DEADER" THAN A DOORNAIL AFTER THAT EVENT...MAKES YOU WONDER HUH???..AND I AM NOT KIDDING HERE..

ALWAYS TRAIL UP YOUR "GTC STOP GAINS" EVEN IN YOUR LONG TERM PORTS...ALWAYS...YOU'LL FEEL BETTER AND SLEEP BETTER AND PROTECT YOUR PROFITS AND YOUR INVESTABLE CAPITAL..

MAKES SENSE NO?

GOING OUT NOW...THE WIFEY CALLS...


later

Juice...