It looks like outsmarting yourself would have
been the right thing to do. I looked at what happened
last quarter (and previous quarters) and I projected
it onto this quarter and IT WORKED!
shocker! Sell your Yahoo before it reports earnings and
avoid the PREDICTABLE SLIDE... NO MATTER HOW GOOD THE
EARNINGS ARE! I will use this easy formula next quarter
i guess I am just much a more conservative
investor. I only buy stocks with money I can afford to
lose, with cash of course. I only get on margin when I
know for sure we are entering into a bullish run-up
for at least a good period of time. And I have never
done options. I am curious about options, would
apprecaite if if you could point me to some good sites about
It ACTUALLY DOES matter to day traders and to
option players! With options, there is a time factor, so
it matters alot if you're holding YHOO 180 calls
that the price rises above 180 before the xpiration
date. If you're long and NOT ON MARGIN, everything's ok
for holding forever if you care to....but that
situation is probably not true of alot of the people on
this board. I have YAHOO long (cash account) and don't
care if it hits 180 again right now or not....but I
also have options for July at 155 and I sure as hell
care alot if it dips below that.... GET IT?
up a few points one day or drop a few points
another? Look at the historical chart, how long did it
take for YHOO to passs its all time high set in
January before another all time high was reached by
April? Does it really matter that much if it goes to
$190 or $150 tomorrow, as long as it keeps going up in
the future, to set another series of new highs down
the road again and again?
As long as you
belive stock market always go up in the long run, and as
long as you believe YHOO will do the same, who cares
if it goes down or up a few points on daily basis?
If it goes down $150, buy more! If it goes up $190,
great, it will go up still more. Remember, the all time
high is $244! It still has a lot of room even to reach
that high, not to mention to beat it!
long stopped timing the market on a daily basis after
I thought a stock has reached its high, only to be
astounded it went even higher and higher after I sold it.
It happened so many times, and I have decided it is
much a better strategy just buying some good ones and
hold, regardless if it goes down today or up tomorrow.
YHOO, AOL, ATHM, CMGI, MSFT, LU, CSCO are all good ones
to hold for long time.
Good luck to all!