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.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (14842)	3/9/1998 11:06:00 AM
From: James F. Hopkins	Respond to of 94695

Tommaso: I read most of your post and I generally agree with you, but this last one don't add up. re >>The market is terribly overvalued and to be on the long side is to be a gambler, not an investor, at this point.<< ------------------------------- If your not long somthing you are not an investor, to be an investor you got to be long.."but" you don't have to be long on what they herd is long on. --------------------------------- I do some market timeing and I know tht puts me in the "gambler" catagory..I don't have a big problem with that. But I also invest too. It's not always an either/or thing people can be both. I've got a couple of stocks that I have faith in that are long term holds, and I buy the dips every chance I get. Were with the cyclicals I move in and out. I did for a sort time trade in and out of SPY but have concluded that the profit was not worth the hasssel. I'm working on a modle that will let me play the DIA, but have not finnished it yet, so I'm not playing that one. -------------------------------- All in all I've done much better on the long side, even with options than on the short side..in fact I'm a net loser on the short side, as I over played that early on and paid too much attention to the bears. I don't consider myself a Bull or Bear but more a contrarian, and at times a "gambler" but I don't and have never bought a lotto ticket, and never will. If I can't at least handicap something I don't bet on it. -------------------- Still back to the point, you have to be long supthin in order to be an investor. Jim