As Web's World Turns

[diogenes]

If, for some reason, the hedge funds continue to drive the market down, I will consider liquidating my long positions and join them in their shorting party.

I have read this recently elsewhere, but is it based on any evidence, or, for lack of a better phrase, "tin-foil hat think" that seems popular amongst investment types?

[Websman]

I have read this recently elsewhere, but is it based on any evidence, or, for lack of a better phrase, "tin-foil hat think" that seems popular amongst investment types?

"Tin-foil hat think"???

My dear Sir, I must remind you that I am a Vulcan. I only think with logic.

Beam me up Scotty...

[Runner]

Sounds like how I was with my first few stocks I bot. I just was sure they would hit my target. Man was I even wrong the bear tore me a new butt hole. Then my gains went into the toilet and I felt like a real knuckle head.

I then slipped into the hope mode as I watched my position erode into a huge pile of rabbit poop. Now my hope suddenly turned to fear. Man now I can’t take this huge hit. What is my wife gonna think of me. I had a mental stop and looked like a dear in the headlights when it hit. After I was 15 points down I decided to look at how the market was behaving. To my dismay all the indices were in a huge downward move. I then said I wonder if this has anything with my position? Well the market is oversold now and it will bounce in the next few days. Well that did not happen and I’m down 18 points. Man things not looking good here.

Anyway one day I finally got the butt and sold the sucker. 2 days latter it bounces up a few points. I was fuming by now. Smoke was pouring out of my ears.. This is a true story and what I learned was honoring my stops and taking profits when the overall big picture of the market is ugly. Oversold is something that really can’t be measured by all of our fancy indicators. Oversold often becomes very oversold. Then people rush to the buy side on the first little bounce and get caught up in a nice little bull trap as the market marker laughs at us as he takes our cash to help support his family...

Best to ya webs and I’m sure you’ve done some extensive and intensive homework on you positions and you are very certain your targets will get hit. how knows in time they just might!!

[Websman]

OK, so the bad news is that I finally had to cut PDC loose. The good news was that I got out with a profit. Although I was positive that it would rebound, I was not about to lose any money to find out. Hopefully, I'll be able to get back in at a later date for a bargain basement price. I still believe that it'll be a good stock.

Yea yea, I know, I could have got $20 for PDC, but it really doesn't matter much as long as I got out with a profit, which I did.

I sold GW in my E-Trade account and will sell what I have left in my other account if it drops below $7.20.

HISC is doing fine so far. Not bad for a gamble play.

I'm still liking AOB and will stay long on it for now.

ELN is still getting beat down, but is destined for a big move up soon.

And now for the really good news... My portfolio is still looking good!

Now the big question. Will the market continue to tank? I hope so, I'm ready to join the shorts!

[Websman]

Sounds like how I was with my first few stocks I bot. I just was sure they would hit my target. Man was I even wrong the bear tore me a new butt hole. Then my gains went into the toilet and I felt like a real knuckle head.

Sounds like the first time I ever got drunk. I was six years old and my uncle fed me some Budweiser and a shot of moonshine. Then I got in a fight with my cousin, who was my age. I kicked his puny butt all over the parking lot. Every thing was great until I got home and my parents tore my butt up. They weren't real happy with my uncle either. After getting severly beaten by my parents I headed straight to the toilet and puked my guts up for the next 30 minutes. Ahhh, the memories.

[billyjoe]

Webs,
Maybe you'll find your niche in the shorts. I think Jesse Livermore made 100 million after the depression hit in 1929 by shorting. Unfortunately he somehow lost it all by 1934 and shot himself in 1940.

billyjoe

[Websman]

Webs,
Maybe you'll find your niche in the shorts. I think Jesse Livermore made 100 million after the depression hit in 1929 by shorting. Unfortunately he somehow lost it all by 1934 and shot himself in 1940.

billyjoe

Gee, thanks for the words of encouragement Billyjoe. I'll remember to hide the shotgun. lol

[billyjoe]

Webs,
Sorry if I gave you the wrong idea. Just retire when you hit 100mil. it's as simple as that. In Vulcan $$ how much would that be?


billyjoe

[Websman]

Webs,
Sorry if I gave you the wrong idea. Just retire when you hit 100mil. it's as simple as that. In Vulcan $$ how much would that be?


billyjoe

That would be enough for me to buy my own space ship, so I could quit working for that idiot Captain Kirk.

[Websman]

HOM is getting ready to make a big move, one way or the other. It looks to me like it has formed a perfect ascending triangle.

Thoughts? Spike?

[Websman]

PDC was down the tubes today. I'm glad I got out. Of course, it would have been nice to get out a little sooner. lol

[dmk112]

HOM: symmetrical triangle, can go either way. Yes in deed! I think it may go to the upside as we are going to bounce very soon in this oversold market

[Websman]

HOM: symmetrical triangle, can go either way. Yes in deed! I think it may go to the upside as we are going to bounce very soon in this oversold market

I might go out on a limb and pick some up in the morning.

[dmk112]

FORD may be buyable @ the 200 dma.

[Runner]

PDC was down the tubes today. I'm glad I got out. Of course, it would have been nice to get out a little sooner. lol

Good job Webs by dropping PDC. I covered on it today. I did not want to say I was short it while others on this board were long. Not a bad 2 day profit.