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One of my trading rules states. "I will not talk about what I think the
markets will do, I have no opinion. Opinions of the market doing this or
that have cost me tons of money. I have finally learned to shut up, sit
quietly, and watch the price action. Gary will learn this maybe, someday.
-----Original Message-----
From: JerryS <zaz@xxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Friday, October 30, 1998 12:40 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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