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For me, there is a real down side to making public predctions, whether on
this list or by the water cooler at work. When I make a public prediction,
my perceptions ar colored by a desire to look smart or to not look stupid.
If I make a public prediction that XYZ is going up, I tend to stay in a
position even if the market is saying that XYZ is going down. I believe
this same human weakness aflicts newsletter writers and TV commentators.
For me, I have found that the best response to the question "Whats the
market going to do?" is J.P. Morgan's: "Its gonna fluctuate".
Everybody lighten up, its just a game.
Dan
>From: TONE9739@xxxxxxx
>Reply-To: metastock@xxxxxxxxxxxxx
>To: metastock@xxxxxxxxxxxxx
>Subject: Re: stockpick : QTRN (19/04/2000) part VII
>Date: Fri, 21 Apr 2000 23:39:12 EDT
>
>DEAR sir,
>i see from the return note that you took my note wrong - i am never happy
>when i make a pik and it goes against me - even for a short while.
>my attempt at humor!!! "misery loves company"
>but since you asked!!!
>you ARE the one making your pik public - your choice - by doing so, you do
>a
>couple of things - being right! - being wrong! - so if you want the raves -
>you get the raseberrys also!
>your asking who is joining the "club" - or maybe costing some people money
>who just assume that you know what your doing?
>i don't know - i don't care -
>but ain't hi-tech great - you think just posting pik does something for
>you?
>i chose to keep my piks private - i lose my own money$$ - and not someone
>elses!
>for me - a trade is over in 3 - 5 days - win or lose!
>but misery loves company!
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