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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?


To: nspolar who wrote (40119)6/11/2006 10:16:56 PM
From: NOW  Read Replies (1) | Respond to of 60923
 
no argurments there except that his post was indeed unneccesrily inflamatory in my eyes. but hindsight is 20/20 anyway...of course it is always best to sell at the top and buy at the bottom, but keeping a sense of humor about all of this is equally important. whether any of us making millions today or tommorow really doesnt matter too much in the end if you asked me. as far as his gambling suggestion, well, if that is what attracts you to trading, so be it. big deal. blackjack or slots might not be as satisfying



To: nspolar who wrote (40119)6/11/2006 10:29:13 PM
From: TheSlowLane  Read Replies (1) | Respond to of 60923
 
I have no problem with honesty, but there's no need to get nasty about it. Personal attacks can be conducted via PM!



To: nspolar who wrote (40119)6/11/2006 11:44:49 PM
From: nspolar  Read Replies (2) | Respond to of 60923
 
"and I have not been on the opposite side"

That comment was w/r to LT. I have been and remain bearish ST to IT. After shorting the top for a very nice gain, I have been on the sidelines.

I may go big long pm's this week, but only for a very ST trade. As professed elsewhere I continue to believe the commodity arena is very very dangerous, with the danger being on the downside. The issue is the dollar, and it bears watching. There is a possibility that the dollar could yet put in quite rebound. Before it does however it probably has to go lower, which may drive pm's through quite a rebound. Remains to be seen.

I remain convinced pm's have started a correction of major degree. How long it will run I do not know. If the correction is deep there is potential for lot of trading gains here, as the correction would only be in the early stages.

It seems to me the most logical path is the one that will maximize the kaos. In short I tend to presently feel the correction may be very deep, but shorter in time as opposed to longer.

The best way to trade is to take it as it comes, be patient, avoid the tunnel vision syndrome. Easier said than done in this volatile sector.

Energy may be even more dangerous than pm's. If certain global events happen crude oil could suffer a huge correction. It would appear the price is much higher than what pure supply/demand dictates. Again remains to be seen.

The fall elections may play a part in all of this. Don't count out Bush and The Republicans. They are very good at ST control, in particular when it comes to winning elections. The gen market shitteree may hold until October, then collapse.

With that it mind the events going on in Irag/Iran are very very interesting. Do we see Bush and The Republicans becoming less intransient, w/r to Iran? I think so.

Over the next few years I tend to think making money in the markets will become increasingly difficult.

Just my present opinions.