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I think the current market mania is ripe for money making, in either
direction,
at least until the bottom does finally fall out. I personally prefer the
short side here since
the downside risk is so enormous for these high fliers (as single issues are
being crushed for up to 50% in a single day, most of which occurs on the
open.)
Being aware of reality, understanding the truth, and doing ones homework is
all about making money, and keeping the money one has.
JT
----- Original Message -----
From: "BobsKC" <bobskc@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, July 15, 2000 7:50 PM
Subject: [RT] Re: Fleck sez
> At 08:32 PM 7/15/00 -0700, you wrote:
> >Who knows what Fleckenstein's results are, Prudent Bears is truly dismal,
> >and
> >should be better.
> >
> >Fleckenstein is a realist though, and does do market research, and
> >understands the 'system',
> >whether or not he is a good trader is another question. I think his
daily
> >post is excellent,
> >and needed in this truly sick market, full of glib, clueless gamblers who
> >appear to be good traders.
> >I for one, am quite tired of hearing all of the anomaly 'success' stories
on
> >CNBC, and not hearing the 'real deal' (thousands of folks losing their
> >shirts, homes, marriages, etc... in this market.)
> >
> >It would serve you well to read his articles daily in order to put down
your
> >rose colored glasses, at least for 30 minutes. It might save you some
> >money, especially if you use CNBC for investment direction.
>
> Why not just play the market which ever way it goes. Don't worry about
> the over priced sectors, over priced stocks and over zealous gamblers and
> just make money? Why do you care if the DOW goes to 20,000 or 2,000? Buy
> it, short it, hold it, sell it but when you hate it or love it, you are
> setting yourself up. Also, these "gamblers" are bringing the
professionals
> rare opportunity. They present themselves for fleecing and bring the
> shears. Remember though, you can fleece a sheep moving away or backing
up.
> Either way, you get the wool. If you're going to scream like a wounded
> banshee because he only allows you to fleece him moving away for a while,
> you're crying in the wilderness because your posts are not meaningful to a
> list of people who simply want to make money.
>
> Bob
>
>
>
>
> >
> >
> >JT
> >
>
>
>
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