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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?


To: Venkie who wrote (68852)2/16/2001 9:45:29 PM
From: LLCF  Respond to of 436258
 
<I hope everyone on this thread has a great wknd and it's about time you folks made some cash...You did it at my expense. I still like brcm and hope it starts to base soon.. I want to sell it 5 yrs from now>

Do you even know what they do??? Ha ha.. Clowns abound. I certainly will have a wonderful weekend, it's been a fantastic trading year this month!

DAK



To: Venkie who wrote (68852)2/17/2001 7:43:28 AM
From: AllansAlias  Read Replies (2) | Respond to of 436258
 
When will we ever see eye to eye my permabull friend? -g

it's about time you folks made some cash

Next month, it'll be a year since the trend turned down, and perhaps more importantly, given all the sucker rallies, we've had thousands of points of nice strong down moves.

When the fat bull sings, most of us will probably not have a front row seat, cause that would require the very expensive habit of trying to catch the bottom, but we'll be in the house.

Cheers.



To: Venkie who wrote (68852)2/17/2001 11:34:32 PM
From: Perspective  Read Replies (3) | Respond to of 436258
 
Nobody stole anything from you, my friend. You gave it away, just like the poor suckers who've tried to guess the bottom in every other great secular bear market.

I tried to tell you many months ago that you needed to do a little digging - read a little - study some market history. I guess you chose to ignore me. The secular bear is still young. I doubt you want to learn short-selling; most people aren't cut out for it. But you can still reap dramatic benefits if you just stop trying to catch the falling knife.

My two major trading rules come from Marty Zweig. I try to flow with market momentum, and expect the momentum to shift when credit market conditions reverse. I began looking for a major momentum shift when credit markets began seizing up. The shift appeared, and I've been clown short most of the way down. As soon as the credit markets improve, I'll began looking for market momentum confirmation. However, I think we're far from there.

Permabears and permabulls are both Clowns, and the market will destroy both species. You are the latter. Wise up or face Darwin.

When the bottom comes, there won't be a dozen people on TV every day "pounding the table" to buy because the bottom's in. Look at Japan - that's what a bottom looks like.

Oh - and I work in semiconductors. Business sucks, and it's getting worse every day. Broadcom is in trouble. One day they'll soar again, maybe even reach their old high. But that day is a long recession away. Do you HONESTLY THINK that we're so f*cking clever that we've engineered away recessions forever?

Recessions happen. Deal with it or be destroyed.

BC