If you ever get a chance - find and read "How to Make the Stock Market Make Money for You" ,by Ted Warren.
Had the pleasure to meet Ted while in college.
We are entering the fast price mark up stage - begins in the 3 wave recognition wave up.
Declines during the 4 wave viciously and then goes parabolic in the final 5th wave.
These are the times of uncertainty beginning, as the weak hands are speculating on the fast pace of the price rise, more than the solid balance sheet and future demand for the company's products.
It is exciting and creates an adrenaline rush to trade which attracts the speculators.
Knowing when to sell is tough - getting out your seed money and running on the market's money is the first goal.
I so much prefer the sound investment discipline of selling puts and buying the stock at below market prices to accumulate a large position and enjoy the dividend stream. It is just easy!
We enter the exciting part. great earnings and hype buffered by a lot of noise - just as Needham has provided.
Let's make it a wealth defining moment for the patient investolators who have accumulated large positions - requiring multi bagger advances before prudence dictates a scaling out of their LONG TERM POSITIONS !!!
We are all blessed to see the workings of the capitalistic system called Wall Street.
I hope all who have frequented this thread are able to enjoy the finer things of our Capitalist system.