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Everyone is talking about getting out early or buying a high degree of
risk. This seems to be a one way conversation on only one aspect of the
markets. Buy, buy, buy. I would venture to say that in the past six months
as much money was made going short most of the stocks rather then chasing
the few that carry the high tech sector. How would you have done with a
short in G, DIS, UTX, BAC, KO, S, LLY and dozens of others. You would have
doubled your money in many with less risk then trading the high flyers.
Didn't your mama tell you look both ways before crossing the street. The
same applies to the stock and futures markets. There are always 2 trades,
up in down, in every asset that you look at to trade. So follow your mama's
advise, look both ways for greater profits with less risk. Ira.
Gwenael Gautier wrote:
> 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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