Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : $10 and Under : New 52 Week Highs -- Ignore unavailable to you. Want to Upgrade?

To: bruwin who wrote (467)	10/15/2007 10:29:40 AM
From: ACAN	Respond to of 557

[enei]

To: bruwin who wrote (467)	10/15/2007 5:21:29 PM
From: ~digs	Read Replies (1) \| Respond to of 557

I don't know of any lemmings whom are aware of and utilize the concept of stop loss orders. Sound money management can do a lot to account for the risks that some of these 'fundamentally flawed' uptrenders may have. I started trading US Geothermal when it was roughly half its current price. Had I restricted myself to stocks with pristine balance sheets only, I would have missed out on many gainers over the years. In the short term, having an appreciation for a solid trend is more important than a company's fundamentals. In the long term, unless they are free shares, I will only hold a stock with both good fundamentals and technicals. Ideal setups include both of these positive traits and admittedly make for a more comfortable trade. AEY back in August, for example. That was a pretty stress free trade. But the system is awash with liquidity, and I'm not going to limit myself to a perceived cream-of-the-crop. The opportunity cost is too great. Greater fool, you say? Perhaps, but if so, there's no shortage of them in today's market. Whisk your profits away regularly and use it to buy bullion. When the sun finally sets on this bull market you'll be the first one found whistling a tune in merriment. Believe it.