posted on May 16, 2002 06:47:37 PM new
I hope to start trading stocks again next month. Since we see from the recent news that companies can't be counted on to even tell a little of the truth - Enron was a hollow shell - and K-Mart said Opps! we didn't lose 20 million last year it was 2.5 Billion....
So what will I use to form a basis for trading since the brokers now admit their recommendations are corrupt and the companies lie?
I will be going on pure emotion. Greed and terror. Mob momentum and panic. The real forces that have always driven the moves in the market. I can't call it day trading. Call it hour trading. I will be watching CNN as much as the ticker.
posted on May 17, 2002 06:01:14 PM new
Everything I know about stocks is don't count on brokers to watch them for you no matter how big the portfolio. Beyond that, I would say wait until the dirty bomb. Prices should really dip for a day or two then.
