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That's what happens when the astro trading model itself does not build in a
stop
right at the start. Now what's going to happen to the Foundation of Cycles?
At 10:15 PM 9/13/99 -0700, Alexander Levitin wrote:
>Mr. Martin A. Armstrong of Princeton Economics was arrested Monday,
>according to AP.
>
>The charges (as I understood it):
>
>1. Mr. Armstrong sold about $3 billion notes to foreign (mostly Japanize)
>investors with the promise to invest money safely.
>2. Mr. Armstrong lost about $1 billion through "risky trading".
>3. Mr. Armstrong commingle the funds with his firm account and issued
>"false statements" to the investors (with the help of some people in the
>Republic Securities).
>
>If the allegations are true (I will keep the "if" as long as I could) it is
>very sad news for people who knew Mr. Armstrong personally. I first meat
>Mr. Armstrong in 1986 through Foundation for Study of Cycles (he is current
>chairman of this foundation) and had opportunity to speak with him through
>the years.
>
>Mr. Armstrong was an inspiration for me: a handsome man of my age, reached
>tremendous success in his very early years, devoted student of market
>history, sharp witty mind, financial advisor for the governments,
>conservative republican. The fate seems smiled at him.
>
>I would not be a judge of temptations he went through (if allegations are
>true), but the one thing I will tell my son to include in his traders
>prayer: always have a money management stop. No meter what, losses of 10%,
>20%, 25% are "easy" recoverable. Get out, sell everything, take around the
>world cruse, come back and evaluate the situation. You would never be
>pushed to the edge where man's heart enters the twilight zone.
>
>Very Sad Alex.
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