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Technology Stocks : Intel Corporation (INTC)
INTC 39.38+6.7%Jan 2 9:30 AM EST

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To: Mary Cluney who wrote (38424)10/30/1997 2:40:00 PM
From: Reginald Middleton   of 186894
 
<I feel somewhat insecure when communicating with financial guru's.>

I am not a Guru, I simply know how to learn from other's mistakes.

<Why are you revealing your secrets before you have had a chance to get rich yourself? Would your theories still work if everyone knew about it? >

I am not revealing any secrets. The theories I espouse have been around since the late '50s - early '60's, ever since CAPM (Capital Assets Pricing model) was popularized. The reason why everyone does not know about it is because there is one thing that can always be guaranteed in the markets, and that is the perpetual ignorance of the "average" investor. Not to be condescending, but many investors (amateurs and so-called professionals alike) continuously subscribe to methods and practices that have perenially proven to be near useless, yet they fail to subscribe to alternative methods. Market timing, earnings capitalization, etc. have steered many the wrong way while considerably more empirical methods are abound (these are the same empirical methods that the banks use to underwrite the securities in the first place).

<After all, you can't tell me that everyone can get rich. Or can you?>

No, everyone can not get rich. Then again, everyone can (as is proven historically) not seem to follow the most empirical path either.
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