SI
SI
discoversearch

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.
Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?


To: IceShark who wrote (16811)1/22/1999 1:16:00 PM
From: Cynic 2005  Read Replies (2) | Respond to of 86076
 
<<I can't believe these day trading jokers came running back in to the Inuts. All the doom and gloom of the last few days has evaporated in a matter of hours! >>
They made a lot of money in the last 3 or 4 months. I expect that mother market will take it all while they try to find "intermediate bottoms." It is how it should work, by nature's design! -g-



To: IceShark who wrote (16811)1/22/1999 1:16:00 PM
From: yard_man  Read Replies (1) | Respond to of 86076
 
I always seem to lose on rolling down ... when I look back, it always seems better to cash out -- then wait a week or so and buy back or roll down then. Ever do that? ... had similar experiences rolling down before?



To: IceShark who wrote (16811)1/22/1999 9:07:00 PM
From: Cynic 2005  Read Replies (1) | Respond to of 86076
 
Ice, there are so many similarities in the way Fleck think and many of us think here. But
at times similarities his comments coincide with some of ours, made here on the same
day.

<<Beware of lions ... People are going to learn a very disturbing
lesson - that liquidity will not always be there and stocks will not
always trade at continuous prices. The folks who think, "Well, I'll
always get out because I'll never take them home," will see that
markets just don't act that way, as I've said many times. They are
not like a pet kitten that you've trained to do your bidding and do
nothing but make you money. They are lions that are ready to rip
your head off and take all your money. And while people - the
public in particular - think they have tamed the market and trained
it and know exactly how it's going to work, most professionals
know that's not possible.

That's why you see the professionals being fearful of things and
the public being so confident. Because quite honestly, without
any knowledge of history and how these things work, in the
immortal words of someone, ignorance is bliss. That's not meant
to denigrate people; that's just meant to point out it's not as easy
as it looks. You can have many years' worth of gains wiped out in
the blink of an eye when the bubble bursts. And common sense
would suggest that people should reflect on that. The important
thing is not how much money you make, but how much money you
make and keep. There's a big distinction if you think about it. >>