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


To: Murrey Walker who wrote (34819)3/27/2001 9:02:53 PM
From: Jill  Respond to of 65232
 
I believe ed sold shortly after the naz started tanking--, I vaguely recall him saying a tax loss was better than losing more by holding on--he may have then sold some puts at that time and figured he'd get his whole portfolio back at cheaper than its previous price--I also reclal that when qcom got down to about 60 he decided it was looking good

Nobody catches tops and bottoms--"the trend is your friend"--you'll be right most of the time and wrong only once (when its changing direction)

I wish I could find the article Teresa wrote about the double top test of the naz in january--I believe it was January--and qcom--a clear warning, but I have searched and cna't find it tonight

I will ask this of her over on her thread--are you sayign there were double and triple bottom tests on stocks that then plummeted through support? Find me a few adn I'll ask, but again, yo'd STILL set stop loss when you re-entered, so if it broke support, you'd lost little