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Re: Market_Fest4 post# 1475

Monday, 08/02/2010 5:33:56 PM

Monday, August 02, 2010 5:33:56 PM

Post# of 19856
MF4,
I too feel your pain. I had so much success during the dot com bubble that I thought I could trade the market. I've lost almost all that I've gained thru the '99 and 2000 era but fortunately for me some of those profits went to commercial properties and I've had decent success through out the past several years in the food and retail business. So the stock market was a stepping stone for me. I can't resist but to play it as I am a gambler at heart. It does seem at times that the market will reverse the minute I hit the sell or buy button but I have taken the attitude of realizing short-term profit rather than going after the big bagger. I limit my down side through stop/sells and try and ride the market trend which I currently see as a bear market. I am just waiting for the analysts and CNBC to start piling on the bull market bullshit to start shorting again. It was just after CNBC and Cramer started pitching DOW 9500 that the market corrected it self. I am a glass 1/2 empty kind of guy and will always bet on the team everybody hates. So I hope to hear bull, bull, bull soon and I'll feel better about my TZA play. Watch Richard Dreyfuss in "Let it Ride" to get my take on the market and gambling in general. Essentially bet on the horse no one has a dime on. F4T

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