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That was a very unnecessary, rude and unprofessional post.
Do you even know what equity market fundamentals are? Interest rates,
employment figures, retail expectations, oil prices and a thousand other
things that are facts... oh, *including* contrarian opinion bear/bull
polls. If you've been successful in this market and still carry around
that attitude, I'd hate to think how you would be when you have a bad
spell. Oh, and I'm not getting rich but I am up 41% for 1999 which I find
very satisfactory. I've been trading for 28 years now but I'll bow to
your superior principals and find myself a good set of bones.
Bob
At 02:45 PM 7/10/99 -0700, Norman E. Phair wrote:
>Bob KC wrote:
>> I will reluctantly unsubscribe.
>> >
>> > A full time equities trader utilizing a combination of fundamental and
>> > technical principals,
>> >
>> > Bob
>
>Be sure to close the door on your way out. FUNDAMENTAL
>??? You can never know all the fundamentals and if you
>did you can not measure investors psychology to know
>the right thing to do. Corporation lie, they
>exaggerate the truth and they withhold information in
>case you were not aware of that. Stock analysts are
>sheep waiting to be slaughtered. Over 90% of the
>research published by brokerage houses is garbage. Is
>this the opinion of an investor that got a bad rap and
>is lashing out? NO, I was in the securities business
>for over 35 years. I remember on time in 1969 when I
>saw an interesting chart during the bear market of
>1969/1970. I called up 5 brokerage houses to get an
>opinion and something in writing to have in the file
>for the dear old SEC if they wandered in. I ws running
>a hedge fund at the time. Four said do not buy, one
>said buy. Guess what I did? The stock was Telex for
>you old timers out there. At the time around 45 it
>went to over 150 in the bear market. Yes I bought,
>traded it many time and was also lucky to get short at
>144 after a classic text book reversal on the move to
>around 153. It was my biggest winner in the fund. At
>around 115, having been on the short side the president
>of the fund came in a said Bache
>liked Telex and thinks it will go to 200. He told me
>to stop shorting it. Did it go to 200, no it never got
>above 153. It went down, down, down and down from
>there. Whenever I go off the wagon and ask what the
>fundamentals are I get my head handed to me. Some day I
>will learn. If you could make money with all the
>fundamental research floating around out there think of
>what you could do by going against the crowd and using
>a little bit your own blood, sweat and tears and old
>fashioned common sense.
>One of the best books ever written was "Smart Money" by
>William Kent. It took him over 4 years to write. It
>took Doubleday Books almost a year to verify certain
>facts in the book and clear it for publication. If you
>really want to
>understand how the men at the top in public
>corporation make millions in the market, read this
>book. It is out of print and may be hard to obtain.
>Maybe you are too young to have learned the hard way
>that most published material is not worth the paper it
>is printed on. Many investors and money managers have
>never been through a real bear market. 1969 through 1974.
>Yes you can have 1 million at the end of a true bear
>market if you start with 2 million.
>In closing, this list is deteriorating by the day,
>fundamental analysis cooking classes, rubber ducks and
>the like. Lets keep the discussions to what works.
>I will take a good chart or a moon sun squaring of
>Venus while making it with Pluto anytime.
>
>Norman E.
>
>BobsKC wrote:
>>
>> Ahh, but you eat dead plant life. Aren't you glad you weren't born a
>> cantalope? :))
>>
>> This list is deteriating by the day. Star gazing, bone throwing and
>> cycles of the moon investors need to form your own list. Name it
>> soothsayers.inc or whatever, but please, can we keep this list for
>> exchanges between actual traders and actual trading ideas that are
>> germain to some level of credibility? If the list owner is going to
>> continue to allow these nonsensical posts, I will reluctantly unsubscribe.
>>
>> A full time equities trader utilizing a combination of fundamental and
>> technical principals,
>>
>> Bob
>>
>> At 06:34 PM 7/10/99 +0200, Gram wrote:
>> >Tx. but no interest. I do not eat dead corpses. I am a vegetarian.
>> >Gram.
>> >-----Messaggio originale-----
>> >Da: JER3CUBE@xxxxxxx <JER3CUBE@xxxxxxx>
>> >A: realtraders@xxxxxxxxxxxx <realtraders@xxxxxxxxxxxx>
>> >Data: 10 July 1999 18:17
>> >Oggetto: Fwd: HAMBERGER STEAKS ROQUEFORT WITH PANCHO SAUCE
>> >
>> >
>> >>In a message dated 7/10/99 10:51:52 AM Eastern Daylight Time, JER3CUBE
>> >writes:
>> >>
>> >><< Subj: HAMBERGER STEAKS ROQUEFORT WITH PANCHO SAUCE
>> >> Date: 7/10/99 10:51:52 AM Eastern Daylight Time
>> >> From: JER3CUBE
>> >> To: JER3CUBE
>> >>
>> >>
>> >> HAMBURGER STEAKS ROQUEFORT WITH PANCHO SAUCE
>> >>
>> >> Saute:
>> >> I med. Onion chopped in
>> >> 3 T. salad oil
>> >>
>> >> Add to:
>> >> 2 cloves garlic minced
>> >> 2# ground beef chuck
>> >> 2 eggs
>> >> 1 T. chopped parsley
>> >> 1 t. salt
>> >> 1/4 t. pepper
>> >>
>> >> Mix all ingredients thoroughly.
>> >>
>> >> Blend:
>> >> 1/4 cup crumbled roquefort cheese
>> >> 2 T. soft butter
>> >> 2 T. brandy
>> >>
>> >> Shape meat mixture into 4 giant ovals--add cheese mixture into hole in
>> >>center
>> >> Cover hole--brush with oil--season with salt and pepper.
>> >> Broil or grill to desired doneness.
>> >> Serve with Pancho Sauce.
>> >>
>> >> PANCHO SAUCE:
>> >> Combine:
>> >> 1/2 cup chili sauce
>> >> 1 cup catsup
>> >> 1 T. wine vinegar
>> >> 2 t. Worchestershire sauce
>> >> 3 drops Tobasco
>> >> 1/2 t. ground ginger
>> >> 1 T. dry mustard
>> >> 1/2 cup mayonnaise
>> >> 1 t. prepared horseradish
>> >> 2 T. pineapple juice
>> >>
>> >> >>
>> >>
>> >>
>> >
>> >
>
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