Louetta's Lore

[skiracer]

Vastly underappreciated movie.

Ok but not a classic in the range of "It's a Mad, Mad, Mad, Mad, World, or "Blazing Saddles or or Chevy Chase in the first couple of vacation movies or the Christmas movie. The first couple of Pink Panther movies were great.

[Louetta]

Ok but not a classic in the range of "It's a Mad, Mad, Mad, Mad, World, or "Blazing Saddles or or Chevy Chase in the first couple of vacation movies or the Christmas movie. The first couple of Pink Panther movies were great.

Oooo! How about Clueless!

[skiracer]

Oooo! How about Clueless!

Clueless would qualify. How about the "Inlaws"? The first one.

[Websman]

We're talking about movies... This is a sure sign that the market sucks.

[Rob]

Not true. . . .

Please read my later posts in the thread, Spike. I think we've already covered this ground. I probably spoke a little hastily when I said that fundamental investors make market reversals. I was sort of "thinking out loud" when I wrote that, and I'm willing to back off that position (at least partially). But please keep my expressions in the context of the statements to which I was responding, namely (paraphrasing):
Louetta: "Buy when there's blood in the streets."
Rob: "Yes! When there's a fundamental reason."
Dave: "No. You must wait for technical indications of a bottom."
Rob: "If everyone waited for a technical bottom before buying, the chart would never bottom" (a logical consequence of the "it is what it is till it isn't" school of thought) ... etc.

I don't think we're nearly as much in disagreement as it may appear. As I've said twice now, the key difference comes down to an individual's time horizon in making a purchase.

[skiracer]

Please read my later posts in the thread, Spike. I think we've already covered this ground. I probably spoke a little hastily when I said that fundamental investors make market reversals. I was sort of "thinking out loud" when I wrote that, and I'm willing to back off that position (at least partially). But please keep my expressions in the context of the statements to which I was responding, namely (paraphrasing):
Louetta: "Buy when there's blood in the streets."
Rob: "Yes! When there's a fundamental reason."
Dave: "No. You must wait for technical indications of a bottom."
Rob: "If everyone waited for a technical bottom before buying, the chart would never bottom." ... etc.

I don't think we're nearly as much in disagreement as it may appear. As I've said twice now, the key difference comes down to an individual's time horizon in making a purchase.

And how smooth their shoulders look and feel.

[Rob]

And how smooth their shoulders look and feel.

Yeah ... and that.

[spikefader]

..I probably spoke a little hastily when I said that fundamental investors make market reversals. I was sort of "thinking out loud" when I wrote that, and I'm willing to back off that position (at least partially)....I don't think we're nearly as much in disagreement as it may appear. As I've said twice now, the key difference comes down to an individual's time horizon in making a purchase.

I commend you on the concession, Rob.

Yep, have to agree; a key difference is one's time horizon.......and I would add two more: risk tolerance and level of FA and/or TA wisdom.... and how one applies them into some form of trading system or methodology or principles to trade around.

There are so many ways to make money in the market, and a person should trade to their strengths and block out the 'noise', learn to ignore it, or as many do here, counter-argue in civil discussion/debate about why something has value supporting a direction. That's what makes this forum so great; great minds coming together and offering substantial value to others who seek to learn market truth and wisdom, or who just seek good solid picks to trade.

Whether it's FA or TA or a combination of both, I think it's a healthy thing to think out loud about whether there really is a perpetual dominant force that leads the other. I know you on the FA-is-dominant side of the fence, and I'm over on this side of the fence where I feel certain that one should be less certain about either one dominating the other. The market is a very complex thing. And I'm tempted to say with certainty that the market is much much more than just either FA valuation or TA bias. I believe it is about perception of those 2 things, where the big money has drawn the lines in the sand, where the stops are, where the risk control kicks in, where the hedging kicks in, where the irrationality kicks in, where the margin calls and short squeezes fit in, where abusive naked short selling fits in, where news fits in, where the SEC fits in, where corruption fits in. The market is just so vastly complex and misunderstood and misread that drawing the conclusions that FA valuation is the driver of price action just seems niave and incorrect to me. But it's a fascinating topic to discuss, and have to thank you for prompting the thoughts, however out of context I've let them run.

[IIC]

My fave movies:

Adventures of Ford Fairlane
What About Bob???
That Thing You Do


My fave TV shows:

Leave it To Beaver
Ozzie and Harriet
Crime Story

[DSteckler]

First season of Crime Story was great. Second season sucked.

[skiracer]

My fave movies:

Adventures of Ford Fairlane
What About Bob???
That Thing You Do


My fave TV shows:

Leave it To Beaver
Ozzie and Harriet
Crime Story

Doug,
What about Bob was a good movie. My favorite part was where they had him tied securely to the mast of the sail boat and when he was going by he called out to the shrink, "I'm sailing".

[Louetta]

Bought a smidge of HMSY today. Closed at 14.49. If it approaches 15 tomorrow methinks people will begin to pile in thinking it will end up in the top 2-3 of the IBD100 this week. Natch it could head south tomorrow but the risk reward methinks is favorable (chart looks strong). Will sell at the end of day tomorrow (Friday).

[peanuts]

Bought a smidge of HMSY today. Closed at 14.49. If it approaches 15 tomorrow methinks people will begin to pile in thinking it will end up in the top 2-3 of the IBD100 this week. Natch it could head south tomorrow but the risk reward methinks is favorable (chart looks strong). Will sell at the end of day tomorrow (Friday).

What are the chances that BTJ shows up?

[Louetta]

What are the chances that BTJ shows up?

Beats me. Last week with 99's across the board (composite, eps, rs) it entered the list at 14. I haven't been able to figure out why it was "so low" as it were or what might have changed in the interim to put it higher.

Interestingly, Poormans bought BTJ Wednesday. I wrote and told him he has bigger stones than I.

[peanuts]

Beats me. Last week with 99's across the board (composite, eps, rs) it entered the list at 14. I haven't been able to figure out why it was "so low" as it were or what might have changed in the interim to put it higher.

Interestingly, Poormans bought BTJ Wednesday. I wrote and told him he has bigger stones than I.

Get this poormans guy over here. He seems to like some of the same stuff that I do. I bought BTJ yesterday- checked my history and got it at $17.53