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 : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (11996)	4/25/1999 10:43:00 PM
From: Berney	Respond to of 99985

Ramsey, If I may respond. I would speculate that Fidelity Magellan has more invested in this market than all the SI members combined. This is not to diminish the assets folks around here commit to the market or the importance thereof. However, the average investor is simply not representative of the folks on this or any other SI thread. The average investor just doesn't watch the market; they go to work, raise their families, and possibly go to church on Sunday. Most of the folks I deal with and, I assure that they are upper-middle class, couldn't tell you what their investments returned last year or even what percentage of their investments are allocated to the stock market. From my perspective, sadly, it is just not important to them. No, most folks are just lazy when it comes to this issue. The efforts expended to understand and keep current on this market are enormous. I just sit back in awe of the folks posting on this thread and I spend probably sixty hours a week on the issue. I hardly ever go out to the individual threads on SI anymore. It became clear to me a long time ago that few understand why their stock is going up or down. Very few have any understanding of TA and don't have a chance. Surely, one can always focus on the excesses, the day traders (nothing against them mind you), and, in general, folks doing stupid things with their money. Throughout history, there have been folks that seek to pry money lose from those who have it. Nothing has changed. However there is absolutely nothing wrong with having a short-term investment approach and seeking to take advantage of momentary pricing inefficiencies that always exist in the Market. I would even go further and state that it is silly not to take advantage of these inefficiencies. One of my friends is up 283% in the last six months, not a dime of which came from any four-digit stocks. All his money is in cash tonight, and I trust he will sleep well! It's not a sin, and can be rewarding to think short-term. Berney