This massive rebound only signals the bottom and further validates the theory of economic perpetualism
Stock Trad3r INDEX
- Thread starter Comanche
- Start date
No it doesn't.
Weakness unfolds more weakness. Today was SELLING with an even milder rebound.
The stocks u like didn't make up much ground. But you can blindly believe everything is hunky-dory - until you get four or five spiking down days like we've had, then you'll say "oh yeah, you are right. . .stocks do need to consolidate to make more gains" and no 2006 to present doesn't redefine markets and trading.
Gilbert aka Paysense
Weakness unfolds more weakness. Today was SELLING with an even milder rebound.
The stocks u like didn't make up much ground. But you can blindly believe everything is hunky-dory - until you get four or five spiking down days like we've had, then you'll say "oh yeah, you are right. . .stocks do need to consolidate to make more gains" and no 2006 to present doesn't redefine markets and trading.
Gilbert aka Paysense
They do need to consolidate, but we're so far off the lows.
There was a similar incident last month when BIDu was downgrade and it fell from 360 to 310 and within a week it was much higher. The entire market reversed. RIMM fell, GOOG, AAPL, but they all surged later.
this is panic selling, pain and simple.
When it is time 2 sell I will know
There was a similar incident last month when BIDu was downgrade and it fell from 360 to 310 and within a week it was much higher. The entire market reversed. RIMM fell, GOOG, AAPL, but they all surged later.
this is panic selling, pain and simple.
When it is time 2 sell I will know
Good Lord, you will know when its time to sell? I can't wait until your momo stocks get decapitated...If you actually own anything, your broker will know when its time to sell...Its known as a marging call, but I really believe you have zero at stake, becuase you paper buy and hold.
Like I said about RIMM, it's becoming very bloated. I'll be looking to short it on the next spike. That volatility proves that investors are scared to death to hold RIMM through any market decline.
I don't post here much and haven't visited in a loooooooong time but I was around when this thread first started. stocktrader has constantly taken a ton of heat for all kinds of things but I gotta tell you guys....I wish to GOD I had bought Dec or Jan call options on everything he said he's/has invested in from the first post. A $5000 investment in each of those stocks would have gathered a tidy sum over the weeks. I'm sure some of you guys have made more than enough money the last few months to last you forever but ya give credit where credit is due. Guys that charge for their services probably haven't done as well as stocktrader has the last 5 months. Jeez guys....can't you find a new whippin' boy?
Guys that charge money for their services would never buy only a few stocks for 99% of their clients because of the potential risk that wouldn't be tolerated by those said clients...so of course they couldn't possibly do as good. They SHOULDN'T do as good, because that would mean they are taking risks beyond the agreements with their clients.
That's not to say that buying only 9 or 10 stocks is a bad move, you just need to properly guage the risk and compare it appropriately. Buying a few highly volatile fairly large growth companies is inevitably going to have a great winning streak. The failure for most (and I predict that stock might have the same problem) is when you don't recognize that the returns have the potential to violently move in the opposite direction.
So, I think the lesson here is that nobody should claim to have the markets mastered and claim that the highly volatile growth stocks they pick couldn't POSSIBLY fall violently. What that tells me is that the person has no concept of risk and it is dangerous for people who may not understand risk and follow blindly thinking that the said person will never lose them their money.
So, yes, most paid advisors would never have the same returns as stock. But on the other hand, anybody who would pay somebody or follow somebody's advice who doesn't understand correlations in the market and risk factors is asking for their portfolio to be quickly cut in half whether they can stomach it or not.
OK.....I should have clarified. I have money invested with a brokerage firm and I would NEVER want them to just pick 9 or 10 stocks to throw my money into. When I wrote my post I had in my head those people that spam you with "My track record is amazing!" or "Make 5,000% profits from my picks!". My post was more aimed at the online 'professionals' that charge you a monthly/yearly rate to send you emails with their picks in them. I'm sure most of them have not done as well in the last 5 months as stocktrader has with his initial picks. My bad for not clarifying.
Oh ok gotcha..yeah paying somebody money to tell you the next big thing won't get you anywhere. You're better off just watching what the good mutual funds are buying in the desired class of stocks you want and then using that as a guide as opposed to paying somebody that knows nothing really about trading or investing.