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To: The Freep who wrote (51631)8/28/2002 11:31:21 PM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
Sure it's confusing. We have to have something to hold fast to. For me, it is staying short tech. Another big rally and I've been caught looking the wrong way too long and will make nothing. I don't touch non-tech (until I see banks pointing down) and I stay short tech as the only way that I have to come out of this as a winner.

Everything else I have posted is managing a trade. The most simple summary of all is that I was caught looking the wrong way, paid some for that, and am still short tech. If we head straight to the lows I will look a little foolish for worrying about my whipsaw. I'll be the first to admit that I lost sight of the ball as I was too busy waiting out the squeeze and repairing a position.

The way people are talking today, you'd think we all ran for the hills last Wednesday. Geeze. I am thinking the folks who covered into the last three or four days of the rise do not post here much.

I kept a few IBM puts. Got stubborn?



To: The Freep who wrote (51631)8/29/2002 12:31:28 AM
From: augieboo  Read Replies (3) | Respond to of 209892
 
Freep, do you think people really make trades based on their perceptions of sentiment on these threads? This is a serious question, because I see people talking about it all the time. But I am hard pressed to think of a more stupid way to waste one's money, except perhaps via spitballs, i.e., flick a spitball at the ceiling, and if it sticks, go long, if not, go short, if it hangs by a thread of saliva, try a spread or straddle, etc...

Do you think anyone ever really does it? (I mean use these boards to guage sentiment to any serious degree?)



To: The Freep who wrote (51631)8/29/2002 9:53:49 AM
From: Terry Maloney  Respond to of 209892
 
*Semi-OT*

Freep, yes, that was my point. It's sort of like trying to herd cats. <g>

Best,
Terry