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 : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: JustTradeEm who wrote (13545)	9/7/2001 4:18:26 PM
From: Tom Hua	Respond to of 19633

JB, In my experience anyone who thinks he can buy and will only buy at the bottom will most definitely miss out on the run. It's simple, one doesn't know it's the bottom until the market has turned up. And it usually happens very quickly. Take April as an example, Naz closed at 1639 on April 4, it shot up 150 pts the next day, 9 trading days later, Naz closed at 2182, 31% rally in 2 weeks. So if I think the bottom this time is 1600, I'll start buying at 1700, just spread it out. In the event Naz starts to run next Monday and doesn't look back, I'm not missing out completely. If it goes to 1600 I'm buying the balance that was planned for. I think we'll see Naz 2000 at the minimum by yearend. Regards, Tom