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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: chainik who wrote (7021)	11/12/2007 12:05:10 AM
From: ahhaha	Read Replies (1) \| Respond to of 50305

It is too early to buy anything if lower prices are ahead. The assessment "too early" assets that you know the present and requires that you know the future. My guess is that you know neither. At the bottom in August there were a lot of shorting by retail. How do you know what's retail? No one can know. In fact, "retail" can't be defined. Everyone is "retail". If the distinction ever had any meaning(it never did, just a big talk term), it has none now due to the electronification of the markets. Computers don't discern between who clicks "buy" or "sell". All orders are entered by computer. What does it matter who does what? You will find that everyone is equally dumb. This is the hardest lesson of all to learn because it means you can't expect to gamble your way to success. Not now. The overall sentiment was dramatically different. How do you know what the sentiment is? What does it mean? It's perfectly ambiguous. Maybe it means when price goes in a given direction, people believe it will keep going in that direction. Sounds like roulette. Problem is, what direction is it going? I was buying dips on SMH and in banking, but I don't like sentiment numbers that I see. Sentiment in individual stocks? Maybe they're buying calls to hedge their huge short positions. Even if we are headed for a bottom similar to the one in February or in August, there might be a long way to go. Your sentiment is negative.