TALK ABOUT LONG WINDED ANSWERS...... BLAH BLAH BLAH.. JUST LISTEN TO BEARMOVE WHO POSTS HERE AND YOU'LL DO FINE ZEEV'S ANSWERS GET LONGER AND LONGER AS HE IS STILL WONDERING WHAT TO DO.... BEARMOVE TOLD YOU A MONTH AGO HE DA MAN :)
Posted by: Zeev Hed
In reply to: SteveO who wrote msg# 241578 Date:5/7/2004 8:54:00 PM
Post #of 241677
Steve, there are about three types of "traders" looking at this thread. Day traders use this thread to be aware of high volatility stocks and trade them, many others bring to the threads ideas, not just I. These people surely do not need any "hand holding", and most have done quite fine through that whole decline milking the like of NVEC, MAGS, TASR, IPIX and TIMM for all their "worth". Swing traders, well what are they swing trading? the Sox? I entered SNDK and SSTI back yesterday, and no damage donne to these entries, so I presume that if they followed, no damage there either, Larry D had a no buy signal all day yesterday on both, I don't see anyone complaining about his system. As for the bios, TEVA yielded very good trading results, and TARO was not played until it was down 30%, followers in TARO, even if they did not trade it as much as did, should be ahead of the game. BIIB, AMGN and even GENZ are essentially in the same trading range, the the "dud" NOVN was declared a dead issue immediately after earnings and exit above $20 was available to all. LSCP, LCAV, GIVN and QLTI, most should be well ahead on these and I don't see any major damage there either. As for those trading the core, I don't see how they could be damaged by my postings on the core either, the only core issue under water more than expected is IGT, I started back in at $41 ( a good $6 under the recent high)or so (and other that posted got in under that), it has not even gone down 10% from there, surely no great suffering when the like of COO, TBL, PII and POOL (for those still in these) made new highs or close to that in the last two three weeks. I don't expect any moaning at all.
As for those that use the "map" for longer term decisions, the map had a low for 3/24, a ramp and a retrace (only to the 1973 area), some just used the low for a longer term approach, and are probably still in and should be at worst, where they were about a month ago (if they followed the same map and stayed out from early January to late March, they surely are doing fine). Those that follow the details might have gone out near the first target of 2088 (we got to 2079, and I for one raised cash there to the 50% to 60% range, and posted, at worst, they got in prematurely some 80 points lower around the 1973/2000, the only miss is that from that retrench we were supposed to go and take 2088, but we did not and the last leg, so fr is a "misread". Some others may have waited for 1940 (I did not and have been mostly at the 15%/20% range EOD posture through that period, taken some losses on few issues and gains on others). Sure, I warned two weeks ago that the turnips had a very long string of good calls and that string statistically has to come to an end, it did. The question what next. I still believe that we are very close to a substantial bottom here that will see the Naz 400 to 500 points higher, so a miss of 20 of 50 points should cause anyone "major pains"? I really doubt that is the case. Well, today I finally got back in gold (many left gold when I did and should be stepping in a good 10% or more lower if they are entering here). I don't see anyone complaining to various gold bulls here for "keeping them" in gold through the last decline, everyone must use some judgment, I post mine, it is expected to have a 60% batting average, never claimed more than that. If you are right 60% of the time and use stops for those times you are not, I cannot see how this retreat is more than a little annoyance.
Zeev
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