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Strategies & Market Trends : Playing the QQQQ with Terry and friends. -- Ignore unavailable to you. Want to Upgrade?

To: Kevin who wrote (370)	5/24/2005 5:05:43 AM
From: Walkingshadow	Respond to of 4814

Hi Kevin, You are talking I think about mo-mo stocks.... like TZOO, OSTK, TASR, etc. But even those stocks are not really driven by news, and the hype is intended for the retailers, not the professionals. They need a "designated bag-holder!" But I think it is a mistake to think the hype is driving the stock. Hype never drives a stock, buying power does. Big, professional buying power. True, hype and news and "market hysteria" may accompany that, but I just don't see it as a cause of anything important in the vast majority of cases. <<I was trying to point out that there is an exception to the rule at times (where a security can stay in the extremely overbought state for a substantial length of time and cause a substantial loss in a short position). >> Yes. Very definitely, I agree. "Overbought" can always become more overbought and stay there for quite a while. Here's a example: 139.142.147.218 T