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 : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: captaintime who wrote (83033)	4/9/2002 12:45:31 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

captaintime: While the fundamentals are always important to look at and I do look at them, I primarily trade off the technicals. Even with one's best foot forward, one can be wrong at times for example my recent purchase of WCOM a little above six looking for a bottom. It seems the bad news was not priced in as additional bad news came out. I was stopped out of my positions today with a predetermined max loss by using stop loss points. However, I believe WCOM is near a low and will be looking to re-enter a long position once again for a longer-term play. The 1994 secondary low is at 5.45 with the 1994 low at 4.66. I am currently looking for longer-term investments in some of the more beaten down sectors. At the same time, I am beginning to sell some longer-term positions I have been holding. For example, I went long RYL in August of 2000 at a little above 20. I am looking to sell above 100, as my work suggests it is nearing a significant top. Actually, I hate this company due to a dispute I had with them over the quality of a home they built for me back in 1999/2000. We eventually agreed to mutually walk away from the agreement. They sold it to some unsuspecting buyer. I was so pissed, that I began tracking the stock looking to short the company, but much to my dismay I realized the stock was going up. So, I did the next best thing and took a long position and have been holding it. I was jeering at the TV screen when the Ryland CEO opened the NYSE the other day...<g> I rarely discuss long-term positions publicly, but I feel folks should be looking for longer-term buys for their investment portfolios in some of the very beaten down sectors. I move my Retirement and Retail investment portfolios primarily from Index Funds during bull markets to cash during bear markets. I only use a small portion of those portfolios to buy individual equities for the long-term. Since the first week following the Sept 21st 2001 low I've been bullish with those investment portfolios and have been close to fully invested with the exception of some funds being moved from one broker to another, I always go to cash when moving funds. Regards, LG