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I can understand your conternation and that is why I was looking for
feedback.Perhaps I am not as harsh in my opinion of his work since I have
just seen him change models based upon performance and not modify the models
per se since they are not his creations.
Some of his top performing models from what I have seen are interest and Fed
rate sensitive hence he is not 100% invested and scaling out.From what I see
those models led him to scale out too soon.
You are right he is no Guru,simply a money manager with a seemingly decent
track record for the short time he has been officially at it.
I too question going long another 10% but at the same time 40% is still in
the money market.
Thanks for your input.The real question I meant to stimulate for response
was not properly expressed.
What do the Realtrader minds think proper allocation in the Nasdaq should be
given that is what this post was meant to be about,and expressed by
implication only.
John
>From: Jpilleafe@xxxxxxx
>To: jvc689@xxxxxxxxxxx, realtraders@xxxxxxxxxxxxxxx
>Subject: Re: [RT] Allocation Alert
>Date: Fri, 31 Dec 1999 19:39:28 EST
>
>I have followed Mark Vieno's
>alerts for the past year,..and for the
>most part have found his updates to
>be completely irrelevant and not useless
>with regard to timeliness,..etc.
>
>For instance, this signal is another example....would it not
>have been better to be 100% long during the recent
>powerful upleg,..and be scaling out of positions here,..
>locking in gains....as opposed to instead increasing
>exposure to downside risk after prices have advanced?
>
>Another one of these "wanna be gurus" with a questionable
>record at best,...his "models" and "systems" monitored
>are frequently changed,..modified,..etc.
>
>I am not impressed. If anything,..this guy's signals are
>more useful if viewed from a contrary perspecitve.
>
>Jim Pilliod jpilleafe@xxxxxxx
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