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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: Kirk © who wrote (12726)1/1/2004 8:40:15 PM
From: Yogizuna  Read Replies (1) | Respond to of 207323
 
My point is a stock can triple and still be closer to a bottom than a top...

I agree. But back when the infamous bubble was topping out in 2000, people would get emotional when I sounded the alarm bells, and I get similar "vibes" these days... One guy asked me if CSCO was a good buy over on the CNBC thread back then, and he went ballistic when I said keep your finger off the buy button until it falls back down to earth... Of course there will always be stocks that defy gravity for one reason or another, but with the market, what goes up, will come down, as those stuck long in the NDX learned the hard way after the emotional bubble.