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.

Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Sweet Ol who wrote (13216)	4/11/2002 10:59:20 AM
From: Wowzer	Respond to of 23153

Took a starter in AOL at 19.70...

To: Sweet Ol who wrote (13216)	4/11/2002 11:01:35 AM
From: Warpfactor	Read Replies (1) \| Respond to of 23153

No need to ask when you have an opinion JRH - just throw it out there! I agree that the NASDAQ appears to be heading lower. For the short term, meaning today, the TRIN is now in the 2.9's - extremely high. Today's selloff may reverse.

To: Sweet Ol who wrote (13216)	4/11/2002 2:43:53 PM
From: kodiak_bull	Respond to of 23153

John, I don't wanna read your opinion on the tech market. :^) No, let me elaborate, it's not healthy for me to read your opinion on the tech market, because it parallels my own and puts me into a "story" on these stocks. The most dangerous thing I can have rattling around in my otherwise empty head is a story on stocks. I read a couple of things lately which made a lot of sense. Let me paraphrase them. First, "you don't have to be very smart to trade securities successfully." You have no idea the level of comfort that gives me. Okay, except for "smart" then what adjectives might be, er, shall we say, obligatoire? Disciplined, flexible, alert, street-smart. Did I mention flexible? The second item was the fact that a "good company" or a "great company" by most definitions (good management, good inventory management, excellent financial strength, cutting edge products, excellent FA) is irrelevant for the stock jobbing business we're fooling around with here. Similarly "bad company" or "POS company" is likewise irrelevant. Because we can make a boodle of cash buying and selling "good" and "bad" companies as long as we understand from a stock trader's point de vue what is a good company. Drum roll, please. It's very simple, monsieur. A good company is a company whose stock moves fairly rapidly in the direction you've place your investment wager. You bought KM (a "bad company" by most measures) or RAD, they're both good companies if the stock moves fairly rapidly up. Goldman Sachs is a blue chip company by almost any measure, but I shorted them yesterday at 84.20. They're also a good company by my investment lights, since their stock is moving rapidly (today! aujourd'hui!) down. Long story short, I don't want to know book to bill numbers, inventory stuffing stories, debt overload, or whether or not tech is "good" or "bad." I want to go long companies which move up rapidly and short companies which move down rapidly. The rest is of no concern to me at all. Ca ne fait rien. (I don't know why I feel like typing in French tag lines, I'm listening to Coltrane and it's not even noon yet out here.) Yr pal, Kb