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That's it for me...
Deep inside me I look at these markets, and think "Geez" even in 86/87
it wasn't anything like this. There wasn't one day since the beginning
of the year where I hadn't one holding moving up at least 10%, sometimes
50% or more. Never before did I see that sort of thing. I got into the
market in late 98, out in early 99, back in late 99, buying into this
stupendous worldwide tech and Nasdaq frenzy. I wondered over y2k, and in
the end stayed fully invested all along. But this is no longer a stock
market, more something like lumber or orange juice commodities. That's
also how I've traded it, but today I think that's enough for me, I am
getting tired of being on the edge of my nerves every day. When I look
up things to buy, I can't find anything or almost anything anymore but
the really speculative sort, leaving me only the option to buy top
companies, but at really top dollar, just hoping to sell it even dearer.
So I guess, I'll leave the table. If it accelerates one more time from
here, I will probably hit and run again a few times for little change,
but if it doesn't, I'll just wait till people scramble to sell so I have
again trouble chosing what to buy for overload of top choices. Following
every hot party ,there is always "a morning after" . I'll just sit back
and rest from the stock market now, it's been a wild time, thank you...!
Ah yeah, one last quote I saw in some newsletter: "one must have
experienced the fear of God in wednesdays Nasdaq rally" There are no
shorts I suppose in this market, hence no one to pick it up, should it
start taking profits. NO ONE. Indeed shorting is totally crazy, that's
why it might turn out quite rewarding for the one hunter who will
succeed in getting it correctly.
Best to all
Gwenn
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