STEVEZ1 ASTUTE RAGING BULL POSTER REMINICES

: imho1999
27 Aug 2008, 03:18 AM EDT
Msg. 1056095 of 1056100(This msg. is a reply to 1056091 by SteveZ1.)Jump to msg. #
SteveZ1... I was on the QQQ board in 2000 (imho moniker) when you told us about your dad and the "condominium guys" that had thrown in the towel and were selling stock of solid companies (in the case of your dad a portfolio you had careful selected for him) to buy the likes of JDSU. You made the greatest call of all time, in my book... you said when guys like my dad are buying JDSU, there's no one else to buy... the top is in. I'll never forget that... great insight.
: SteveZ1
27 Aug 2008, 12:46 AM EDT
Msg. 1056091 of 1056100(This msg. is a reply to 1056089 by tradeforkeeps.)Jump to msg. #
Yup, with Maria on CNBC repeating the words "this market is in rally mode" several times each and every day.. By late 1999 investors were selling the Dow stocks to buy fast moving tech and internet stocks..That was the beginning of the end of market sanity....

http://www.businessweek.com/2000/00_14/b3675001.htm In the week of April 3rd 2000 Newsweek featured the bull market on it's cover while my Dad sold JNJ for JDSU the prior week. On April 3rd one day after the Businessweek release the Nasdaq fell 359 points in one day,. The last greater fool was finally in..:)

By: SteveZ1
27 Aug 2008, 07:30 AM EDT
Msg. 1056098 of 1056100(This msg. is a reply to 1056095 by imho1999.)Jump to msg. #
Imho, some things just hit you smack in the face and should ring a bell. It's always interesting how so few see it and allow wishful thinking to get the best of them when they enter the market. That was some bubble, the greatest bubble of all time even surpassing Japan's.. It was hard not to make money trading like an idiot and thinking like a fool...That was the sad or perhaps funny part.. Went "Joe Blow" started to call Buffett a stock market has-been one should have taken notice too. By the time the bubble ended commercial's went from you owning an island from investing to your broker owning a large home thanks to your trading costs from too much day trading... :)