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RE: Oh Boy , Oh Girl , Oh God
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<FONT face=Arial
size=2>Theo:
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You are right on.
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I used to wonder
abut this until I came across Pareto's 80/20 rule. Pareto's rule says that in
any field of human activity 80% of the good results are made by 20% of the
people. In a sales organization 80% of the sales are made by 20% of the people,
in the stock market 80% of the profits are made by 20% of the people, 80% of the
reference books you read are useless for you 20% are useful and so on. I have
queried a few people on this and the answers were that these figures are wrong,
that they are closer to 90/10.
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<FONT face=Arial
size=2>Regards
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<FONT face=Arial
size=2>Lionel
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<FONT face=Tahoma
size=2>-----Original Message-----From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx] On Behalf Of Theo
LockefeerSent: Thursday, October 10, 2002 2:03 AMTo:
metastock@xxxxxxxxxxxxxSubject: Oh Boy , Oh Girl , Oh God
Hello all "lefters"
This list is dying or ?
I recently studied the Buy, Hold, Accumulate,
Markt
outperform ratings etc of all those so-called
professionals
and they are all making the same mistakes over and
over
again : unbelievable.
The Prices of many stocks go lower and lower and
they
keep all saying things like : upgrade from Hold to
Buy :
This is principally wrong because we are in a Bear
market
Boys and if you buy in a bear market you are going
against
your friend (the trend).
If a stock is in a DownTrend you NEVER should
buy it !!!!!!
But they really donot see it : ok : for me no
problem but
those heavenly paid professionals are making such
terrible
mistakes again and again : unbelievable as
said................
OK for some stocks it looks like we are reaching
bottom-
levels : so bears be carefull here and donot short
the bottom
because it is essential the same as when you are
buying the top....................
They never did see the other side of the coin
:)
Good Trading ,
Theo
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