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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (4334)	5/5/2002 2:30:40 PM
From: re3	Read Replies (1) \| Respond to of 24758

do you have any idea what you are getting into ? -g-

To: SouthFloridaGuy who wrote (4334)	5/5/2002 3:28:02 PM
From: GraceZ	Respond to of 24758

On the one hand you state that major bottoms take years to form. On the other hand, you state that stocks like JDSU (and the fibre sector) had put or are in the process of putting in major bottoms. Maybe you need to revisit what "in the process of" means. Given that JDSU broke down out of a major double bottom at $5, in what I like to call a reverse cup and handle, how can you even mention the term "major bottom" even in an observational context? It has no place in one's vocabularly at this point. In the process of bottoming one always stands the risk that the bottom doesn't hold, this is why you watch and you wait for things to base. The problem is that this analysis doesn't fit with the fibre stocks - or really almost any tech stock. One sector where the analysis does fit, however, would be gold mining stocks - which have been in a 3 year consolidation after the Asian Contagion spike. That's easy to say now but how will you feel if it does what a lot of things in a bull do, which is re-test? JDSU is at best a 50 cent stock, this figure represents where it stood at the beginning of the 1995 Nasdaq liquidity boom. This is a distinct possibility. The fact that you continue to defend your point in such an assholish way shows that you know a lot of theory but really have no idea how to use it to your advantage. I think you are reading in what you want to think. There's absolutely no way you could read what he writes and come to that conclusion. Its a common mistake to think that if someone has a good command of theory that they lack the practical knowledge to put it to use. It assumes that the theory was somehow acquired away from the action in some academic setting and never tested or used in real life. Needless to say this is true for a lot of people, but to assume its true in this case would be a tactical error on your part. BTW you know what the difference is between theory and practice don't you? Well, they are the same in theory, but different in practice.