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Steve:
Thanks for your letter.
This is analogous to my library book index. If the shelves in the
investing/trading section of the local public library are empty we may be
near a top. If they are full of books ,we may be near a bottom. A similar
item, I am being inundated with offers for discounted trading books.
I stumbled on a behavioral economics site. They have made available a number
of papers. this one, talks about the investment advisory business and how it
is changing. Thought you might be interested.
http://www.undiscoveredmanagers.com/Strategies_for_Small_Businesses.pdf
Regards
Lionel Issen
lissen@xxxxxxxxxxxxxx
----- Original Message -----
From: "Steve Karnish" <kernish@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Thursday, July 19, 2001 5:09 PM
Subject: Re: Query
> Lionel,
>
> I definitely received your post(s). Maybe part of the problem is the
> inability for traders to produce profits in the current investment
climate.
> Here's an example:
>
> Some time ago, I signed up for an "Investment Challenge"...I thought it
> might be fun to get involved in one of the many "games" on the internet.
A
> number of years ago, I was rather successful "playing" a few of these
games
> (although I never won, I usually had a respectable showing).
>
> I really haven't had time to even "play the game" and my fake portfolio is
> untapped at the original funding of 50k. Well, get this: today I
received
> an email that out of "thousands" of participants, I'm in the top twenty
> players. I've never made a trade.
>
> Wow! Since I'm sure that the "game" represents the investing public (and
> what they are really doing), less than 1% of the public has been able to
> make money since I started "playing/not playing" (whenever that was).
>
> As profits dwindle, people tend to not talk about it. Sticking your head
in
> the sand is an American tradition. If it stinks, hurts, or you lose
> money...the subject becomes taboo. I'm sure things will loosen up when
the
> markets come back.
>
> Meanwhile, being the only poster can be lonely out there. I know how much
> you look forward to commenting on issues as they fly into your 'puter.
>
> Take care,
>
> Steve Karnish, CTA
> Cedar Creek Trading
> http://www.cedarcreektrading.com
> ----- Original Message -----
> From: "Lionel Issen" <lissen@xxxxxxxxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>; <fasttrack@xxxxxxxxxxxxxx>
> Sent: Tuesday, July 17, 2001 6:40 AM
> Subject: Query
>
>
> > I have received no email from this listserver since about 11pm last
night.
> > Is the listserver dead or inactive?
> > Lionel Issen
> > lissen@xxxxxxxxxxxxxx
> >
>
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