Wednesday, June 28, 2006
Real Money Blog: Rev Shark
It appears Cramer is on vacation. So, until he returns, I will be summarizing Cramer's best financial "blogger" -- Rev Shark.
Trading on Emotion
06/28/2006 11:47 AM
In this article, Shark cites "a very poor market environment." However, the Rev points to his history, as an investor, and suggests he has never "found it helpful to become overly infatuated with a long-term negative view of the market."
Furthermore, he is convinced remaining patient and not making mistakes will enable him to enjoy easy gains-- down the road.
He exclaims: "For me, long-term optimism is simply a more productive way to deal with all things, including the market. Like everyone else, I've been through good times and bad, and the thing that keeps you going is knowing that the bad times do eventually come to an end."
Bottom line: Rev suggests identifying the "emotional state that works best for you." Rev says he will remain optimistic, while dealing with the short term negatives.
NOTE: Brilliant article.
Market Keeps Holding Its Breadth
06/28/2006 10:29 AM
In this article, Shark cites today's market statistics and exclaims: "The NYSE is looking better as drugs, banks and oils are showing some signs of life."
Basically, Rev sums up today's action as "meaningless," while mentioning that he added to one of his positions-- EMT.
"...a Brazilian telecom play, which has a solid base..."
Avoiding Losses Is the Best Defensive Play
06/28/2006 9:08 AM
In this article, Shark acknowledges the "anxiety over the upcoming FOMC interest rate announcement," and suggests being patient. Most importantly, he tells his readers : "success in the market is nothing more than avoiding poor action when the odds are not in our favor."
Bottom line: Rev is beating the "defensive" drum over and over again. He may write lengthly articles, but the context is all the same.
Be patient... find good trades...avoid bad trades...don't believe today's action...wait for the Fed...blah...blah....blah.
Trading on Emotion
06/28/2006 11:47 AM
In this article, Shark cites "a very poor market environment." However, the Rev points to his history, as an investor, and suggests he has never "found it helpful to become overly infatuated with a long-term negative view of the market."
Furthermore, he is convinced remaining patient and not making mistakes will enable him to enjoy easy gains-- down the road.
He exclaims: "For me, long-term optimism is simply a more productive way to deal with all things, including the market. Like everyone else, I've been through good times and bad, and the thing that keeps you going is knowing that the bad times do eventually come to an end."
Bottom line: Rev suggests identifying the "emotional state that works best for you." Rev says he will remain optimistic, while dealing with the short term negatives.
NOTE: Brilliant article.
Market Keeps Holding Its Breadth
06/28/2006 10:29 AM
In this article, Shark cites today's market statistics and exclaims: "The NYSE is looking better as drugs, banks and oils are showing some signs of life."
Basically, Rev sums up today's action as "meaningless," while mentioning that he added to one of his positions-- EMT.
"...a Brazilian telecom play, which has a solid base..."
Avoiding Losses Is the Best Defensive Play
06/28/2006 9:08 AM
In this article, Shark acknowledges the "anxiety over the upcoming FOMC interest rate announcement," and suggests being patient. Most importantly, he tells his readers : "success in the market is nothing more than avoiding poor action when the odds are not in our favor."
Bottom line: Rev is beating the "defensive" drum over and over again. He may write lengthly articles, but the context is all the same.
Be patient... find good trades...avoid bad trades...don't believe today's action...wait for the Fed...blah...blah....blah.
