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Yes, and then there was Gary's admonition not to buy Asia, especially Japan,
posted a couple of days after I bought Vanguard's Asia Pacific Index Fund at
6.15 - closed yesterday at 7.32.down from 7.49. Not to say Asia couldn't
move down, but I figured it couldn't be too bad if the US brokers are busy
scooping up assets in Asia. BTW, after the brokers have bought all the
assets they want at bargain prices, they'll put Asia on their buy lists.
Earl
-----Original Message-----
From: JerryS <zaz@xxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Friday, October 30, 1998 12:37 AM
Subject: Gary in Hawaii-a great contrarian indicator
>A month or so ago i took gary up on his "mass mail list offer" just to
>see what he had to say, well he's rolled his puts to november and is
>still holding on to whatever is left of his "rent money" as he put it.
>My mailbox has been bombarded with long drawn out scenarios of what is
>going to happen next in exact detail, with continual "SELL, SELL,
>SELL's" every day since the 8th. I got a good laugh the other day when
>he said "IF I HAD MONEY I WOULD SELL!!".
>To all that defended this guy, Gary is a perfect example of what not
>to do, to convince yourself so strongly of a market opinion that you
>stubbornly hold on to a losing position. What makes it even worse is
>all the bragging and ego tripping making it all the harder to admit
>your wrong. Totally unprofessional in my opinion.
>Well it looks like Gary's landlord will be paying him a visit this
>month, or maybe he'll get another liscense plate tip from beyond.
>Anyway, i think i've finally found some value in Gary's posts, he
>seems to work as a great contrarian indicator, the louder he yells
>"sell!", the more calls i buy, but read below Gary's latest post,
>he's finally switching to calls, i think the rally's over folks.
>
>..Jerry..
>
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