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.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: JEFF CHAPMAN who wrote (12770)	10/25/1997 9:26:00 PM
From: Bart	Respond to of 50167

I agree with you Jeff> They (the media especially CNBC do run to Fleckenstein every time the market is down more than 100!-This poor guy has been supposedly short for several years!-How many times can someone cry wolf before they lose all credibility?-At some point in the next 50 years I'm sure they will be right but anyone following their reco's in a big way would have been broke long before they ever get their windfall from the big K that will undoubtedly eventually hit! -Buy the dips has been a philosophy of the 90's that would have made anyone following it wealthy. This bull run has gone on so much longer than conventional wisdom predicted was possible that the possibility that we are in a new paradigm has to be considered. This does not mean we should let our guard down!-On any day something big like assanination of a world leader or a new war could wreak havoc on invester confidence thus causing a large draw down. Bottom line is that if we want to profit from our endeavers we had better be nimble and cut our losses quickly. Heck, we can always buy them back at a cheaper price so why ride them all the way down when they start to plummet?-Shorting this market right now is a very risky proposition with little chance of making money unless something a lot worse than last weeks events are thrown at the market!-I say why not buy AMAT or TXN or SFAM et al when you see a large bid size advantage and then place a stop loss below fridays low for protection?-This would assure minimal loss and we can raise the stop loss as they become profitable to lock in the profit!-If they do head lower we can buy them cheaper and ride them back up even furthur! I predict that AMAT sees $40 this week and TXN $120!- If I'm wrong I simply sell them near the price I paid for them and all I lose is commision and maybe an .125 or a qtr!-I played AMAT four seperate times on Friday and made 3k on 1000 shares..I should have done better but I missed getting out when it sunk to 30.25 which was a case of me not watching my businuss closely enough while I merrily chatted with someone on ICQ. That conversation cost me 3k, Lesson learned is I either better quit talking while I have open daytrades or get a dual/split screen set up!-I think the dual screen would give me the ability to watch 5 minute charts and get a better feel for where things are headed intraday! I love this business!