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Promise this is tom's final E mail. You can contact him at his address
above, He will not be part of this list. I am including this because many
of you wanted his comments. Best to e mail him yourself.
-----Original Message-----
From: T R P <trader8@xxxxxxxxx>
To: Neal Weintraub <thevindicator@xxxxxxxxxxx>
Date: Tuesday, October 13, 1998 9:18 AM
Subject: send this out to the dissenters if you want
>Just a further note re: our conversation yesterday. For those in the
>minority that wrote you looking for empirical evidence that rocket science
>will lose out to less complicated investing techniques, let me suggest Long
>Term Capital Mgmt. as the best evidence of Rocket Science; and Victor
>Sperandeo, Jesse Livermore, Richard Wyckoff, P.T. Jones, Marty Schwartz,
>Stan Weinstein, Ed Seykota, etc., etc., as to investing only in what you
>know, keeping it simple, and obeying the warning signs. Traders that invest
>their OWN money are better at admitting their mistakes than those that
>manage others. Making mistakes in the stock market means only one thing -
>losing money. If you can't admit your mistakes, sooner or later your
>mistakes will take you out of the game.
>
>P.S. The buzz on the Street has it that LTCM has already lost half of what
>they just received as bailout money. There ARE others waiting in the wings
>with similar "tales of woe". When you consider that they were shorting US
>Treasuries against a long portfolio of junk bonds, well, that's just stupid
>and it looks good on them.
>
>TRP
>
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