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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Rambi who wrote (25515)	5/30/2001 6:17:38 PM
From: Sharck	Read Replies (2) \| Respond to of 37746

knight, suggest taking a bit of a sabbatical, come in da room, ask lots of questions. I believe we have a great support group in there, and some of the best traders to be found anywhere. I do wish you well... S

To: Rambi who wrote (25515)	5/30/2001 7:01:18 PM
From: besttrader	Respond to of 37746

Thank you for the nice post Rambi. The thing I find most interesting about the market is, it is totally irrational. We have good stocks like SYMM tanking, while KKD donuts hits news highs every day and a P/E 100 something just for donuts. I used to think that fundementals mattered, but now I have learned that they matter in the very long term, like a year or something like that. NVDA same thing. Of course all the Biotechs are similar as well. It's really funny to watch the market jazz up the SOX stocks when they were warning in april, and then tank hard when they are warning today. People call them the herd, the sheep, and I call it the "collective" (borg) he he. But I think to really get rich, you have to be able to be "assimilated", so that you can understand when "Da Borg or Da Boyz" are really buying or distributing. This could just be a fib retrace to 38...It could be a 50 fib and then a hard bounce up. We could tank all the way to 1600 to make a double bottom. It seems to me that it is really impossible to know, so the safest trade is intraday only. That's why I wish I had a ton of money so that I could just trade teenies and scalp 10 cents for a large profit. :)