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Strategies & Market Trends : Bear Market Momentum Investing -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (209)	11/14/2008 4:10:04 PM
From: jmiller099	Read Replies (1) \| Respond to of 248

I guess we forgot the title of this thread 'Bear market momentum investing'. I remember recently going over a post I had made on Jan 24, 2008; in another forum, calling RIMM/AAPL/GOOG/Solar as prime short examples. The momo carried them up and up (along with unlikely things like CMG), this momo should carry many things down and down with some to zero. (The solar would have killed me if I acted on that, but I had my doubts and did not act). FYI, the credit debtor thing you mention is also a serious situation that is not easily fixed. Citi is increasing rates by 3%, means the consumers will be more pressed to pay citi than to buy stuff they don't need. Although the BDI finally caught some ticks off the bottom, it hardly shows global demand for product. The debt-loading consumer is tapped out and in danger of losing job, reduced hours, or eliminated overtime. I don't think the 15$ weekly gas price savings will bring them out to the malls. Gas, will be psychological, but when you don't have a job or are worried about your own you tend to drive less. consumertrack.blogspot.com I fault myself pretty strongly for going long; Bobcor is right... I was afraid to buy the mania most of last year and missed upside momentum and now that we have downside momentum I am afraid to short from these levels. I am down to positive 5% due to the past 3 weeks. Let's take some time to research soem zeroes together and get on the right side of the momentum!