A Market Commentary Contributed by Steve Hu
Below is a market commentary from Steve Hu, who has been a money manager for a while. CIAI has no business relationship with Steve. Nor does it endorse any opinions in this commentary. We simply wants to facilitate the information-sharing process among our members and friends:
The model reached "critical level" the day after Microsoft released earning report. It held well and clearly told me that was the technical top. Now we are confirmed on the downtrend,
however there could be rallies and my model will continue to detect the strength of those, it will give me signal way before any significant reversal of the big downtrend.
Shorting stocks is the most difficult task in stock market and has unlimited risk. I am still practicing the skills and far from mastering it. It is not for people who don't manage investment full time, and not for most of the people who do investing fulltime. However it is the best way to achieve long-term outstanding results since we will be in a trading
range in the next decade or two. The 25-50% move we saw last year will be typical every 2-3 years, both on upside and
downside.
Good Luck in this tough year 2004!
Steve
The model reached "critical level" the day after Microsoft released earning report. It held well and clearly told me that was the technical top. Now we are confirmed on the downtrend,
however there could be rallies and my model will continue to detect the strength of those, it will give me signal way before any significant reversal of the big downtrend.
Shorting stocks is the most difficult task in stock market and has unlimited risk. I am still practicing the skills and far from mastering it. It is not for people who don't manage investment full time, and not for most of the people who do investing fulltime. However it is the best way to achieve long-term outstanding results since we will be in a trading
range in the next decade or two. The 25-50% move we saw last year will be typical every 2-3 years, both on upside and
downside.
Good Luck in this tough year 2004!
Steve
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