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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (15666)	4/23/1998 1:42:00 PM
From: Tom Trader	Respond to of 68350

Hi Clint--thanks for the response >>Yes, it has been a while since we've talked. You haven't changed your name, I see<< Yep--I have stayed with my name; noticed that changing ones name -- or at least dropping the last name is in vogue--but then I have always ben a bit of a rebel when it comes to conforming:) >>Still a trader. I hope you have been able to prosper from this bull market. I cannot say that I have, in my trading account.<< I have done well with futures trading -- not well with stock/options trading--barely broke even last year-- which given the amount of time that I put into it makes it rather discouraging. For that and other reasons, I ended up taking a break from trading since the start of this year--just trying to get back into the groove. Ironically as I look back on my trading results, the problem lies not with bad entry points--but failure to take some great profits. Need to get better at that. >> Perhaps. I am getting older and stupider Tom, but I don't see any compelling reason to buy MSFT at these levels when they grew revenue by ~35% and EPS by 25% and are forecasting flat quarters ahead. Neither do I see why I should buy IBM as a technology company when the company is showing negative EPS growth y-o-y, if it wasn't for their aggressive share buyback program and lower tax-rate. I also don't see why INTC's outlook could change in a matter of one week after they reported earnings and jump to $85!<< I hear you and agree with you 100%. I am more heavily in cash today than I have ever been in a long long time. I keep telling those who ask me why I am not more heavily invested that I will not work on the greater fool theory of investing my money just because the market is going higher; the valuations are ludicrous and if it means that I miss out on this -- such is life. As far as trading is concerned, I'll trade anything -- because the duration of my trades is quite limited. >>Let's see how it goes today but you know that I like it on the short side.<< Well it looks like you timed it great--I am now short the June S&P futures -- though this is a short term system that I use My regards