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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: Michail Shadkin who wrote (6497)	7/13/2002 6:15:34 PM
From: Shoot1st	Respond to of 6873

Well, let's just say you were giving him hints on how to find the medicine cabinet..... things are fair.....just allowing time to pass and settle the affairs. my best to you and yours, Shootie

To: Michail Shadkin who wrote (6497)	7/13/2002 6:21:52 PM
From: gaj	Respond to of 6873

michail - i believe the proper phrase is... "those who ignore history are doomed to repeat it." for long term people, the best case scenario is sideways... look back at 1906, 1929, late 60s / nifty fifty... (which, if you replace "late 60s" with "late 90s" for dow, and "nifty fifty" with "nasdaq", looks eerily similar) and any other worldwide HUGE bull market - whether tulips, or japan... and every single time, a good chunk of years are spent either (depending on the extent of the bull market) consolidating / moving sideways, or erasing large chunks of the bull market gains. what should you do if you believe the market is overvalued, and people will sell their losers, and mutual funds will sell all their holdings - not do anything? will people give you money, and say 'nice call! here's pay for getting it right'? of course not. jesse livermore got blamed for every minor decline in the market too... and as a sidebar, japan's collapse happened with an absence of short sellers. i guess those shorts weren't responsible for it after all... (ed. i made a nice bunch of money in 97/98 going long. just follow the path of most likely action).