Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (11484)	7/12/2001 6:52:32 AM
From: catman	Read Replies (1) \| Respond to of 52237

Lee....I had to get in on this one... I tend to disagree with some of your views because I see a profound difference between investing and speculating... And based on all the posts I read, I tend to believe most of us are speculators, not investors. As I posted on MS, a quote by Alan Farley which I felt said it best..."Avoid fundamental analysis of short term trading vehicles. Mental bias from knowledge of a company's inner workings can distort the message of the price chart just when opportunity knocks". <now TA is being said not to matter and people are to just trade on sentiment>....IMHO, TA is just a visual map of sentiment.....emotional highs and lows...depression, euphoria, exuberance, greed, fear....it's all there in the charts. <FA didn't matter>....its not that FA doesn't matter, it's more an issue of what people are looking for. Risk vs. reward....the safety and low returns of T bills and other conservative financial instruments, or the excitement and hope (false or otherwise) that tech stocks bring.....Gambling Casino's in Vegas are anything but dull and boring....why should the market be any different? Sadly enough, that's what appeals to the general public... While valuations might be higher with some companies than at the top of the bubble, the difference is going forward, the earnings comparisons (and the growth) will be easier....If YHOO earns 2 cents next quarter, they will have doubled earnings.....thats all that the general public see's....and what really counts?.....it's the general public that will move a stock...by putting money in mutuals, calling their brokers with market orders, etc....the money managers are proxies for the people...they are caught between a rock and a hard place... if they ignore growth for safety, they might lose.....and if they ignore safety for growth, again they might lose...it just depends on who's prevailing at the moment....the bulls or bears. What matters to a speculator is how well we can read their emotions and decisions through charts and other methods, and capitalize on understanding the psychology of the crowd, and how to play it....one day at a time....just my opinion....good luck