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: Death Sphincter who wrote (17211)	4/24/1998 6:50:00 PM
From: James F. Hopkins	Respond to of 94695

Carl; The odd thing about those reports is that people read into them what they want to see. Now I'm talking about reports that peopler are expecting, not some bomb from out of no where. But the EIC , and GDP , or a Greenspam talk will always be debated and picked apart after..and no matter which way the market moves some guru will say it was because. But really did infamous irrational exuberance from Greenspam with the market at 7200 do anything other than to make a fool out of him. If the market bobbles a bit on this stuff, it's just that a bobble..like a puff of wind from a passing truck might shake you car it don't alter your course. The market has forces working on it and only some real serious news can alter it's course. On top of that who trusts this Government data any more, who even trusts the Government ? ------------------------- Didn't they give us this Ponzi scam called the IMF.. I called the market fairly good this week, and prior to this weekl have for the most part been right with the trend on buying the dips. BUT I did not have my act together well enough to impliment what I saw Wed. And even today I just hesitated a little to long..to play the down side you got to be faster than playing the upside..I can see that now. Today I went in BEARX..and said I'll wait to Monday to see if I need to go long to offset the short..what I now think I should have done , was have put half in BEARX like I did, then grabed the SPY on it's low about 3pm..have you noticed how regular that low comes about 2:30 to 3 lately.? Well that way I would already be hedged, and Monday I'd just close out one of the positions after I saw the trend.. ------------------- The logic for this is if the market does rally monday Bearx will lose, well I'd be counting on Spy to offset that..but if it thats kind of rally Spy will likely cost me more, were I could like dump it going down, better than buy it running up. I'm stuck with bear till the close anyway. Bear has only rallied 9 cent in two days to 6.23..for about 1.5% gain.. It's going to take a bigger slide than this to her much good. Still that's 1.5% I missed being slow to act. Jim