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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Seeker of Truth who wrote (52982)	9/4/2004 9:15:00 PM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hello Malcolm, <<So clear and beautiful a picture!>> Speaking of pictures, see this worldmarket.blogspot.com at worldmarket.blogspot.com will optimism simply flows in oodles and boodles :0) <<"going up" turns out to be a muddy concept.Do we mean for 3 minutes? or 3 days? or 3 years?>> ... like Greensputin, I only know when I know, but I try unlike the Maestro, I try to discern the shape of the truth before the kaboom. When I start to feel too good, it is time to leave the party. <<Remember those glorious days of Softbank? .... not worrying about whether in so doing we were on the side of the majority or the minority>> ... but Malcolm, when we sold, we were in the minority, in hindsight we know this. <<A strong case can be made for looking at the fundamentals of the situation. Buffett, no trader, did all right ...>> ... or we can just follow the rules of thumb and laws of toes ... when the ship starts sinking, do not pray, instead, jump. <<We should in general be going against the tide>> ... the tide now is that folks are neither buying nor selling, and so in generality we should collect calls and gather puts, counting on the certainty that the crowds will eventually buy or sell. However, I do not like to buy options, and so I wait. Chugs, Jay