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I tend to agree, but the street hasn't gone into panic mode at this moment. Right now, most people are hoping for a turn around because if they were to sell, th
by fiaz 18y ago
I tend to agree, but the street hasn't gone into panic mode at this moment. Right now, most people are hoping for a turn around because if they were to sell, then they'd lock in their losses (after all, VMW was worth twice as much ONLY 6 months ago!).
The momentum is to the downside, and I say short if possible because of the fact that there are so many hopeful investors clinging to the idea that they can "make money" in this market (when in fact the best they can realistically hope for is that they break even).
The true long opportunity will be perhaps next September/October when the street is really regretting ever getting into the markets to begin with.