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MARK Kauderer, This is part two of my reply. I don't care for Mike
Murphy. I don't trust the way he runs two newsletters, one for up
markets and one for down markets. There is nothing wrong with being
long and short at the same time. I do it nearly always. What I
dislike is the idea that by using speculative names in both of his
newsletters, he will always be near the top and bottom of performance
ratings. This trick has fooled a lot of people, even Mark Hulbert,
but it is an old trick brokers' call The IBM Hustle. "Hello, New York,
buy IBM. Hello, L.A., sell IBM." Next day, "I told you to...(whatever
the winning trade was)." To Murphy's credit, he is not using the
same stocks in both letters. But I still think his credibility sags
when you notice the game he is playing. Also, the guy totally missed
the semi cycle this time. And he has been around long enough to know
better. Zweig is a nice fella. He is also a technician, which means
he doesn't know anything. -G- His letters have great performance. His
funds stink to high heaven. He has even removed himself as fund
manager. Funds are real world. Letters are fluff. MB |
