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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?

To: Paul A who wrote (3774)	1/10/1998 9:57:00 AM
From: Robet Butkus	Read Replies (1) \| Respond to of 7396

Complacency is a serious problem. One thing that traders can do is recognize mistakes and sell. They also sell to take profits. The one thing that is essential in the market is to become familiar with the art of selling. As ridiculous as this amy seem, many cannot do this. ALL stocks are bought to be sold, and selling has a finality to it that most investors cannot handle. Buying an issue is buying inventory, and that means finding another schmuck to sell it to at a higher price. If your inventory turns bad, your first mark down is always the cheapest. As far as religion goes, Sparkys Corner, I am sure, will welcome any conversation on the subject. It seems to me the Lzzrd did not intend this thread to become a chapel. The markets tend to be a prognosticator of future events. One must take with a grain of salt what the "talking heads" on CNBC and in Washington say. Joe six pack will always sell the bottom when the pain threshold is greatest.... Look at it this way...when Larry King does a segment on the "crashing market"....a bottom should be in place....(G)

To: Paul A who wrote (3774)	1/10/1998 10:53:00 AM
From: TATRADER	Read Replies (1) \| Respond to of 7396

paul A, I will watch my comments in the future on this thread, since at times I get carried away...Will stick just to technical comments... No one likes a person who is a shorter and gloats about the demise of the market....I apologize to anyone on this thread who gets ticked, when I go on my rantings of how terrible things are and what a joy it is to be short...As far as FORE goes, good luck...It is on my top 20 list to short....I am looking at potential entry at 14.90, with a cover in the 10.00 area...It did a 50 day expansion pivot on Friday.. But again I could be wrong...Regards, Mark

To: Paul A who wrote (3774)	1/10/1998 11:16:00 AM
From: Randall Thomas	Read Replies (1) \| Respond to of 7396

<<I spoke with several friends who think im crazy following the market second by second. They all took todays selloff in stride so the fear in my opinions seems to be amongst you TA folks as well as traders/funds.>> For most traders fear is not an issue if the market moves down sharply. That is an excellent opportunity to take advantage of wide swings in stocks. I could absolutely not care less what the market does, as long as it does something. The only drawback to recent overseas stuff is that overnight long positions are much more vulnerable to overseas action overnight than they were in the past. I think it will take a downturn to an extent that causes JSB margin trouble to cause any discomfort on that front. Scott