desmondfun
Joined: 12 Oct 2007
Posts: 2
|
 Posted: Fri Oct 12, 2007 2:34 pm Post subject: Beginners have beginner's luck |
 |
|
share prices continue to shoot up. News that companies ABC, XYZ, etc is prophesied to sign big contracts here and there, and make great profits, make headlines everyday. Stocks are by now selling at exorbitant PE. “This time is different. The bull is here to stay, forever.” You heard someone remarked. The truth is that all trends must come to an end. No tree grows to heaven.
Sensing that shares are by now very much overvalued the wise start to unload. Slowly, carefully and quietly they go about their unloading so that the market will not be perturbed.
At the top, the market is the strongest. Full of hope and optimism, the naïve continue to buy and sell while the professionals are making their ways to the bank with their profits.
The partying continues. Excellent food, good wine, music and women, they are all there.
What happen after this? The Bear Raid (look out for the next posting)
 |
|
FAQ
Search
Register
Profile
Log in to check your private messages
Log in
