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To: Boplicity who wrote (4190)10/17/2001 1:02:28 AM
From: Boplicity  Respond to of 13815
 
An Interesting observation. Awhile back I mention something on the order of below on the MDD thread. I said I didn't care about the direction of the market at the time, I was more interested in individual stocks that were running while the rest of the market was falling apart. While it's important to understand the direction of the market, obsession with it for some investors can be detrimental. What I mean by above is that even during a bear market there are stocks that are running. By watching the averages day in and day out you could end up being frozen out making money out fear. What you need to watch are your stocks and you need have rules of when to hold, when to sell, when to buy. Your individual stocks should be doing the talking. I also said that I was longing for the days when people posted on individual stock threads. I'm start see people do just that instead of concentrating on the direction of the market. That's a good sign and as it should be in a healthy market condition. I don't like it when the market is populated by traders keying off the market averages trading in and out like it had been for so long. It's much better, at least for someone like me that likes to follow trends that are going up, to have Investors wanting to hold for weeks, even better months.

So, You can see the investing mentality coming back into vogue with posters on si migrating back to individual stock threads. Lets hope it stays this way for sometime. We can only run so far on anticipation. For the current rally to be a sustaining one we are going to need some facts to back up the gains. Frankly it's concerns that the market is bounding higher, I rather it settled down some as the facts are worked on.

b



To: Boplicity who wrote (4190)10/17/2001 8:26:36 AM
From: Venkie  Respond to of 13815
 
I guess I gave them something to talk about...Thugs<gg<
Venkster