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Non-Tech : Dorsey Wright & Associates. Point and Figure

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To: Tommy Dorsey who wrote (552)9/29/1999 11:25:00 PM
From: J. P.  Read Replies (4) of 9427
 
I saw you on CNBC in April or May. Some lady called in about SCH (schwab stock), and you said it was a great stock and a great buy. And schwab has fallen ever since. Check out this chart:

finance.yahoo.com

Now we all make mistakes, just goes to show that none of us really know whats going to happen in the market no matter how hard we try. It's always a crapshoot that eventually boils more down to cash management schemes and time horizons rather than timing prowess. Remember that lady calling about Schwab? I sure do, because I was short the stock at the time.
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