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Pastimes : The Death of Silicon Investor
INSP 75.78-3.5%Jan 30 9:30 AM EST
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To: Toby Zidle who wrote (891)9/29/2002 5:59:01 PM
From: E. Charters  Read Replies (1) of 1003
 
Surely you jest. Being dumb is what most stock analysts do best is it not?

It would be a good line to sell, The Dumb Stock Analyser or The Outsider. After all the For dummies franchise was the most wildly successful line for IDG books ever. The perception that you have de mystified for the common man is a great selling point. That is also why the "Made Simple series was so durable.

In a sense that is what TA is, a "dumb" analysis too. It is equally stupid to pretend we know the reasons a stock goes up or down. In the end it is the cumulative reasons of a lot of smart and dumb people. What may be really dumb is to pretend we can know in advance what they will do exactly.

We may be able to hedge their worst tendencies. And out own. The real strategy is to get a system of money managment and analysis and stick to its best success patterns.

I used to vend investment advice in the mining market. I found myself knowing but not being able to short my own advice because naively I hoped for an eventual turn around of a long slide. The worst trap of them all. If the Dow does a long slide, and not a sudden drop as it seems to be showing of late, then it will trap 90% of the institutional and many of the more lightly exposed traders.

EC<:-}
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