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Zeev Hed

10/05/02 5:00 PM

#32687 RE: chainik #32682

I agree, the next two weeks still may be dangerous, and thus stops should be used. If you still like a stock after being stopped out buy it back at a discount (that is what I did with SKX and ended up with 25% more shares for not an iota more of funds committed.) Yet, the Dow Gambit suggested on 7/23 and taken off the table on 8/22, yielded a solid 25%. You can take one trip like that a year and sleep for the rest if you are a conservative investor (g). Since 9/23, I believe I have another Dow gambit suggested in place, with already one stops taken (and reentered with 6% more shares). For clarity, I do not play the Dow gambit myself, too conservative for my taste, my conservative plays are in the "core". But people ask about "safe" plays in the Dow, so, when I see an opportunity arising, I suggest it. I should note, there are no "safe" plays, Dow or not, the only safe thing is using a stop loss.

Zeev

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augieboo

10/05/02 5:23 PM

#32691 RE: chainik #32682

chainik, I agree, there will most likely be a strong downtrend in October, for more reasons than just redemptions, IMHO.

As a general point, (addressed to everyone), anyone who is trying to trade but doesn't have at least a strong basic knowledge of TA is looking for financial disaster and needs to take a crash course, pronto.

For the next several weeks, my best advice to anyone who is not a very quick, very experienced trader, (much quicker and more experienced than I), is to play the dark side, (assuming you have enough TA knowledge and experience to do so), or don't play at all. Just leave your money in cash, wait until Zeev says the big rally has started, then wait a little while longer to allow for Turnip-Optimism, then go long. {g}

JMHO,





MDA Thread #board-1320
Turnips Thread #board-1125
Trading Info #board-1220
Retrace #board-1345
PPT #board-1280
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