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<P>Gwenael Gautier wrote:
<BLOCKQUOTE TYPE=CITE>Phil Lane wrote:
<P>> <snip> You'll never get
<BR>> rich prospecting in the garbage heap.
<BR>>
<BR>> rgds Phil
<BR>> http://www.patterntrader.com</BLOCKQUOTE>
Gwen, Phil, & RT,
<P> I disagree. Wayne Huzienga did very nicely prospecting
in Garbage. Many valuable artifacts and
<BR>treasures have been found in garbage. I think a more useful thought
for investors is, "one person's
<BR>garbage is another person's treasure." Buying stocks and commodities
when they are out of favor
<BR>("why, I wouldn't EVER buy THAT garbage!") is a good way to make alot
of money for a relatively
<BR>low risk. You can chase the highly overpriced internet "jewels" with
the masses if you so desire. I will be rummaging through the "garbage".
<P>Rummagingly,
<P>Norman
<BR>
<BR>
<BR>
<BLOCKQUOTE TYPE=CITE>
<P>So true, and still laughing...
<BR>:-))
<BR>Gwenn</BLOCKQUOTE>
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</x-html>From ???@??? Mon Jan 10 17:52:57 2000
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From: "Owen Davies" <owen@xxxxxxxxxxxxx>
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Subject: [RT] Re: change of heart
Date: Mon, 10 Jan 2000 17:52:09 -0500
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Status:
David Donhoff commented:
> I'm a bit questioning of a 14 out of 15 winning track record.
> With a win/loss ratio like that it doesn't make sense that
> he only got a 30% trading return ($300k on $500k 100%
> fully margined) ANNUALIZED! (etc.)
Actually, I once devised a trading technique that produced
94% wins on T-bonds, 1990-'98 perpetual contract and not
much worse than that when tested on real contracts. Trouble
was, the profit per trade was only $2 before the usual costs!
A return of 30 percent seems entirely possible I can even
imagine someone feeling that it qualifited as a decent living.
Owen Davies
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