Crow's thoughts on the Market

I am a happy crow. But I am alone. I need to lick my own wounds constantly. This is the place where I do it.
博文
(2007-05-07 19:49:04)
Energystockshavebeenclimbinga"wallofworry"soquicklythatyouhavegoodreasontobeworried.
--BillDonohue[阅读全文]
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(2007-05-04 15:55:57)
Wallstisfullofliarsandcrooks.Bullorbearitdones'tmatter.Youplaythisgamebytheirrules.Bottomlineistherearenorules.---copiedfromYahoomessageboard.
Thismorning,WSJreportedthatMicrosoftandYahoo!areintalktomakea$50Bdeal.Beforethat,YHOOhasamarketcapitalof$38B.YHOOjumpedashighas$34beforethemarketopen.Intheafternoon,WSJsaidthatthetalkisnolongeractive....YHOOclosedatabout$30.60.Bothbullsandbearsmayhavema...[阅读全文]
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Itisgreattohitadoubleortripleinthetrade.Butwehavetofocusonthemorereliable,lower-returntrades.
Usingoptioncalendarstotrapthenear-monthpremiumsseemstobeagoodstrategy.Ofcourse,onecannotdoublehismoneyinsuchtrades.However,onecanhaveveryhighwinningrates.
TakeFXIasanexample.Currently,themarketisoverbought.FXIclosesat$109.Weestimatetherewillbeapullback,butwearenotsurewhenthiswillhappenexactly.Let'...[阅读全文]
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(2007-05-03 18:37:01)
Respectingrisksisabasicrequirementforasuccessfultraderinthemarket.Thosewhodonotshowenoughrespectfortheriskwillbepunishedbytherisk,soonerorlater.VictorNiederholfescapedfrommanyriskyhigh-staketrades,buthefinallyfelldownintheAsiancrisis.
Riskcancanbeevaluatedbysomerulesofthumb.Forinstance,ifoneisshortofastock,hecanimaginethisstockwillbetakenoverovernight.Or,ifthisisabiostcok,onecanimagineifitwill...[阅读全文]
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Todisciplineornottodiscipline,itisanissueofsurvivalinthemarket.
Whathappenedwithmerecentlyonmeisreallyadiscipliningproblem.Itisforgivabletohavemadewrongjudgmentsonsomestocks,inparticular,DNDNandAMZN.Butaveragingupanddoublingthebetareneverforgivable.
Thedamage,bothmonetaryandmetal,hasbeendone.WillIreallytakeanylessons?
Really,ifthereisonly100AMZNsharesonshort,Icantaketheloss.Painful,but...[阅读全文]
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ToinvestsuccesssfullyoveralifetimedoesnotrequireastratosphericIQ,unusualbusinessinsights,orinsideinformation.What'sneededisasoundintelectualframeworkformakingdecisionsandtehabilitytokeepemotionsfromcorrodingtheframework.
---WarrentE.Buffett[阅读全文]
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(2007-04-29 11:40:11)
Iamahappycrow.Ihavenoreasonnottobehappy.
Ihaveadream.MydreamistoflyovertheWallStreetfreely.
ButIconstantlygethurt.Ilostalotofmyfeatures.ButIamstillpersistentlytryingtoglideovertheStreet.Iwillnevergiveup.Never.
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