|
PureBytes Links
Trading Reference Links
|
Earl,
Stanley Druckenmiller is a snake(albeit a very good and a very smart one).
Since he was given a global audience to talk his book a la the inside smart money
mouthpiece "CNBullC", he moved the market 10 points and lowered his cost of entry
for his short position.Trust me ,if given that position, I would do the same thing.
This game is about misdirection. If the little guy with his 401K had any idea what
was going to happen there would have been a 2000 point selloff.I worked on Wall
Street for many years and saw many an account get deliberately picked off.This is no
different.
Good Luck Trading...Terrence Smart
Earl Adamy wrote:
> Druckenmiller provides encouragement for all of us poor little traders who make
> trading mistakes ... if he were perfect he wouldn't have lost $2B in Russia! The
> only problem with the sentiment indicators that he referred to is that they are
> not reliable in bear markets. Not to say that we are not a bit overdue for a
> dead cat bounce in here, but we should not lose sight of the fact that there is
> virtually no financial asset in the world which is not in turmoil. We should now
> begin seeing the effects of margin calls and fund switching and redemption's.
>
> Earl
>
> -----Original Message-----
> From: Felix TY <felixty@xxxxxxxxxxx>
> To: Gerrit.Jacobsen@xxxxxxxxxxxxx <Gerrit.Jacobsen@xxxxxxxxxxxxx>
> Cc: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
> Date: Thursday, August 27, 1998 10:48 AM
> Subject: Re: picking the bottom makes dirty fingers
>
> >Dirty is okay to me, but not when they are red bloody stumps!!
> >
> >
> >Yikes !!! Look at the markets!!!
> >
> >And to think Druckenmiller (Soros' right hand man) was still bullish for
> >the Dow Jones
> >as of yesterday........(And this guy is really really good at his
> >profession).
|