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.

Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic -- Ignore unavailable to you. Want to Upgrade?

To: Sonki who wrote (13810)	12/1/1997 9:23:00 PM
From: TechnoWiz	Respond to of 27012

Sonki: I think the gut thing happens to everyone from time to time. You are right sometimes the market takes time to digest news or react to events. The trick is to wait until the market gets in sync with your gut feeling and thats when you need to maximize your position until proven otherwise, as often these can turn out to be big moves. I find I can often see things way ahead of time and price, but the market can frustrate so much, that it disguises its intention prior to making the big move and then it happens so fast you may not have time to react and put the originally envisaged position on. This happened in October, I remember thinking ahead of time that there was a danger of complacency after all the anniversary of '87 was over that people thought they would be out of danger. Of course the market obliged by having a huge sucker rally before unravelling into a mind-numbing nose dive, puntuated by the usual false rallies just to further fool us. The same applies to the upside action of recent weeks. Basically, an upward bias with sinking interruptions and suddenly MSFT, IBM, GE and CSCO are off and running and then the rest. It will be interesting to see if INTC can be independantly strong here for a while and really go on a tear. The stage is potentially set for this to happen as it the last few sessions have been constructive to this end. As for buying and holding I think this is basically a sound idea but must be accompanied by certain disciplines, so that equity is always protected. Contrary to popular belief the market can be timed quite accurately most of the time and I have learnt never to sell a winner until proven otherwise. However, this buy and hold mentality is becoming so over-popularized to the extreme that I believe it carries inherent dangers at this time, especially after such a large and sustained run such as we have experienced in recent years. In fact I may have learned something unique from this thread that is even harder to do: Stay short in a protracted bear market. In other words: Sell short and hold may become the mantra at some future time...We'll have to wait and see when that time will be. rgds Wiz