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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?


To: Jim Willie CB who wrote (11194)3/5/2001 4:58:34 PM
From: Walkingshadow  Read Replies (2) | Respond to of 13572
 
Poultry,

I completely agree. What you say forms part of my rationale for taking short positions, and much of my rationale for picking potential entries.

<< ...no truism holds for all situations.. >>

....except that one <gggg>

Perma bulls suffer from the same problem that perma bears suffer from.

WS

P.S. Here's a couple more from the barnyard you should meet

investorshub.com

investorshub.com

but this you may find disturbing <gggg>

investorshub.com

WS



To: Jim Willie CB who wrote (11194)3/6/2001 8:46:46 AM
From: bowledover  Read Replies (1) | Respond to of 13572
 
JW, elaboration here would help:

"...I call the touch of old support on an upmove "the back door opening for final time"
you gotta be quick to find it, and it is usually a great shorting opp
most perma-bulls miss the back door though, and lose painfully after it shuts."

Do you mean, p-bulls think it will continue to go up, get in at the resistance level just when it heads back down, quickly, such that they quickly lose money on that stock?

bowledover