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Hi All:
Sorry about the mistake!
The website should read: http://www.google.com/
Thanks for the various replies about RIMM. Mr. Carrigan is a technican,
and the article centered on the technical side. My favorite word is still
"hindsight". Let's wait until (Cdn) Labour Day to see if he's right or not.
Very broadly, (amongst many other camps), one is either a momentum player
or a bottomfisher. I happen to be a bottomfisher more than a momentum
player. I usually look for badly beaten "good" stocks (e.g., MSFT, XRX).
I play really long-term, i.e., 1 to 1 1/2 years or so, buying leaps. Over
the years, I have some moderate success bottomfishing AND averaging down.
Now that may be pure luck or may be this combination works for me somehow.
(Again, the overrding assumption is that we're still in a bull market.)
All I can say is if it works for me, it may or may not work for others...
(Many months ago, I mentioned in one of the posts <with attached chart> to
RT or another newsgroup that I bought ORCL leaps when everyone was dumping
the stock - that was maybe more than 1 1/2 to 2 years ago...)
I've also been looking at CSCO, AMAT, EMC, ORCL, ADBE. Events in the past
few days surprised me, and I didn't do any buying. I don't like chasing
after hot stuff, so unless there's some more reasonable and sizeable drop
in price in these stocks, I would simply be watching.
On the other hand, being a bottomfisher, I don't mind buying some (more)
leaps/calls on MSFT, QCOM, XRX, RIMM etc.
There are many ways going from A to B. Perhaps the straightest, though
often the best, may have a big pothole somewhere between A and B in the
future? Perhaps another route may be better under certain circumstances?
Regards,
Hin-Shing
At 04:01 PM 06/04/2004 -0700, wong wrote:
>ps: If anyone is interested in looking up the topic of entropy, please
>visit this search engine website:
>realtraders@xxxxxxxxxxxxxxx
>
>Just enter "entropy" and click "google search". There are more than 27,000
>entries on this topic, though perhaps only a few are related to investment
>or technical analysis.
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