We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: russwinter who wrote (72274)10/18/2006 1:00:07 PM
From: westpacific  Read Replies (2) of 110189
Yes Russ, it is all program driven...that is my fear!

The techincals are just too good, I watch stocks trade to the T on technical after technical. Perfect bounces off 155 or 233 day EMAs, perfect P&F tops or bottoms, selloffs on overbought crossovers, and on and on.

Stock after stock with nary any cash per share trading in the sky, I shake my head, who owns such garbage. Just look at the cash position of AMZN as an example or AKAM. Do you think they are worth these prices?

At some point that is going to be the undoing of this market. Wait till all those programs decide to hit the sell button at the same time. Everyone is trading the same program!

That has been my fear for a few years now, the risks have never been greater, few understand this.

There was an ad in the IHT today, a guy harking 38% returns with a program he has developed. In London, looking for investors. All so simple really. This market is not about value, it is about a technical chart.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext