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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (20214)	3/13/2003 5:55:30 PM
From: aerosappy	Read Replies (1) \| Respond to of 206133

Re: DUK. Thanks, dabum, for your analysis of CRK. Do you think that DUK has turned back up? stockcharts.com[r,a]dbclyyay[dc][pb5!b15!d20,2!f][vc60][iub14!ua12,26,9!lk28!lh14,3][J10285127,Y]&listNum=1

To: chowder who wrote (20214)	3/13/2003 9:56:38 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 206133

dabum, Thanks for the erudite illustration of profit taking risks with CRK. Not sure why but I have this mental block about TA and as soon as folks start throwing around those TA terms my eyes start to glaze over. I kinda wanna learn more about it but then I see someone here (forgot who) put out a homework list of about 15 goddam books I'm sposed ta read before I can even _start to think about TA. I'm blown outta the water before I can even start! Heck, I'll just do it the lazy man's way and mosey on over the the americanbulls.com website anytime I'm wonderin' what the tea leaves are sayin' about a stock. Here's what they say about CRK: americanbulls.com I like how they put the recommendation in nice big block letters so even my half-blind eyes can see what they're suggesting. <g> Seriously bum, I really have given a some thought to the idea of TA. But for now I am mostly dismissing it for my investing usage other than some very elementary concepts of taking into account volume when interpreting price changes. A thought about market psychology. I basically view the stock market as the equivalent of a room filled mostly of 12-year old kids that are manic-depressive. In addition to those there are a handful of adults, including you & me. Now, all the stocks that are out there are represented by guys standing on soapboxes, intermittently blaring out news or hype about their company. Then we also have guys in the room intermittently blaring out general economic/political news, etc. So we have these manic-depressant kids hearing all this chatter and they all go running to whoever happens to be making the most commotion at the time, and they buy those stocks and sell the others. And because they're manic depressant they tend to get carried away on both the buying and the selling at certain times. Now you and I are trying to make some money at this, and we each use different strategies for doing so. You use the balanced approach, as you have described. I basically say, da heck wid it, I'm not even gonna try to figure what these kids are running up in price right now, I'm gonna pretend that I'm buying the whole company, not a lousy hundred shares. And I find companies that the kids have either run away from or haven't even discovered yet, and which are undervalued in a fundamental sense, and I try to think of catalysts that will make the kids wanna buy the stocks of these companies. Then I buy the stocks and wait for those events to occur. Sometimes they don't occur, sometimes they occur but are negative (i.e. dry holes, lower-than expected reserves, etc.), sometimes they occur and are positive but the damn kids still don't pay attention for some reason. But sometimes they occur and the kids pay attention, and come running over to start buying my stock. For now at least, I'm afraid I'm hopelessly stuck in this mode of thinking. I grant you that yours is probably more effective, but I guess you can't teach an old dog (with respects to BD) new tricks.