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Personally, I see think price projections are little more than an ego trip
unless they are accompanied by some discussion of the thinking (and/or
charts) which went into the projections.
Earl
-----Original Message-----
From: Ira <ist@xxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Friday, October 30, 1998 10:12 AM
Subject: Re: Gary in Hawaii-a great contrarian indicator
>I see nothing wrong with putting a price projection or market direction out
>to others if it is based upon the system you are using. Many times I will
see
>what someone else has stated, looked at the chart, applied my criteria and
>did what my work said to do. What it did for me was to stimulate interest
in
>something that I might not have looked at. The ego hit seems to impact
people
>more then the money loss. the money loss they can keep to themselves.
good
>trading. and keep those ideas coming. Ira
>
>Terry S. Smith wrote:
>
>> 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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