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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: edamo who wrote (31655)2/22/2001 7:44:25 AM
From: Hobie1Kenobe  Respond to of 65232
 
<<better to avoid that which is in a down trend>>
Ed - what an education for some of us who have never traded thru a bear. Thanks for your insights. Personally my best trades have been from the short side intraday on crazy PE chips and retailers (overnite risk on both sides is real). I'm looking forward to an intermediate bottom from which to trade from the long side, but fear my skills from the long side have long since withered. Keep up the good work. Tks.
JF3



To: edamo who wrote (31655)2/22/2001 7:52:53 AM
From: Clappy  Read Replies (1) | Respond to of 65232
 
i hope that tom, and any who believe that easy money is attainable in downward momentum issues, can recover some capital....


I don't think Tom or anyone around here thinks that easy money can be made in downward momentum issues.
I don't think that is the message he conveys.

Seeing the Naz near the previous low makes me think that averaging in here can't be all that bad of an idea. Especially when looking at a long term picture.
Seeing how the market has treated the low PE techs just as bad as the high PE techs in 2001, it's seems difficult to determine who will be the winner 1-2 years out. Look 3-5 years out and do you want to hold a company who has limited potential or unlimited potential?
It certainly isn't wise to bet the ranch on these high flyers, but would averaging in here be all that crazy of an idea?

-Clappy

P.S. Welcome back Tom. When I saw the porch on the top 5 threads, I knew that you must have returned.
Good to see you.



To: edamo who wrote (31655)2/22/2001 9:51:34 AM
From: SecularBull  Read Replies (3) | Respond to of 65232
 
Except that NTAP management recently reconfirmed growth guidance.

LoF