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

To: Tom Trader who wrote (15245)	12/3/1997 12:41:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 50167

Sishya Tom, Mohan--now I don't want you to see this as an instance of turning on my guru:) Never be afraid to ask questions. It is my duty to teach you! -vbg- I will get back to the rest of your post later. -Mohan

To: Tom Trader who wrote (15245)	12/3/1997 6:59:00 PM
From: AlienTech	Respond to of 50167

>>>>3. sentiment is turning decidedly negative? on which planet? I am sure you know better than counting the number of posts on Mohan's thread as your bearish indicator! Well let me see: II reports bulls in the high 30s(%)-- thelow 30s is usually associted with a significant bottom, EPC ratios at over 40-50% day in and day out---much higher on some days, most financial commentators/advisors seem to be advising caution, SI bull/bears ratio reaching levels associated with major bottoms based on past experience, the "bullish" threads that I follow have lost their optimism about the market being able to rally--with the exception of Iqbal, who IMO has fallen into the same mindset as the perennial bear who looks on every event as justification for his/her position, except that he uses it to justify his bullish views. << Just saw this today on briefing.... MAKING MONEY: What does it take to make money in this market: the ability to be nimble and to know when the ride is coming to an end. Over the last several months, tech investors have been beaten up, tossed about and fleeced by precipitous drops in the drillers, networkers, semiconductor equipment makers, and driver makers. It's enough to make one want to purchase a CD and call it a year. And, while certain of our pages promote a buy-and-hold investment strategy, readers should also be aware that pages such as In Play and Story Stocks take a more aggressive approach to tackling the current market environment. If you have been reading these two pages frequently over the past month, you will notice that we have been less apt to recommend going long stocks. This has especially been the case on the In Play page, where our leaning has been toward shorting stocks. If you consider yourself a player in the market and have not yet started to identify short-sell candidates, then you are greatly limiting your chances at outperformance. Now back to the issue of knowing when the ride has come to an end. Simply put: one can't be greedy in this market. Set a reasonable price target and get out when the stock hits it. Eight to ten percent in a matter of days is not an unreasonable goal given the volatility of not only tech stocks, but Blue Chips as well. Identify oversold stocks, and be ready to pounce on strong days. If the trade doesn't work out, be prepared to cut your losses and move on.