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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)
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To: Tony MacLeod who wrote ()12/7/1999 3:16:00 PM
From: gordant  Read Replies (2) of 5053
 
Fundies & Techies

Jordex seems to have attracted both investors and speculators. Investors are buying the company and speculators are buying the company's stock and never the twain shall meet. They just argue. One must decide whether one is buying the company or the stock. It is an exceptional individual who has the mental and emotional discipline to be able to buy both simultaneously in the same entity. The principles are so different. Most of the bantering on this thread is about the merits of which method is better for Jordex rather than debating each within its own realm.

Jim Dines once said (a TA man) "Look, don't think"
Warren Buffet only thinks.
Neither is wrong and both are very rich.

Fundamentals don't lie.
Charts don't lie.
Only our perceptions of these can lie.

Charts reflect the perception of the fundamentals that the mass has of the company. Mass usually thinks its investing in fundamentals IMO. The perception of the mass may or may not lie about the fundamentals. If trading STOCK one better pay attention to the truth that the chart is reflecting because an individual cannot stand in the way of the mass. An individualist buying the company who perceives the fundamentals correctly and buys against the imperfect perception of a mass, is doing so in an opportune buying situation and will undoubtedly sell to the mass later. A TA speculator who is an individualist will also sell to the mass because they are able to stand aside and watch which direction the mass is heading; thereby getting there first. So the idea is to be confident which system you are using and not confuse the two.

The individualist, whether a fundie or techie is a leader and gets there (wherever there is) before the mass and sells to the mass. They are filthy rich. The front of the mass is usually on positive cash side of things. If you ask a center mass person "How is the market treating you", they reply "ok i guess. I'm about even for 5 years running, but it's fun" The back end of the mass are gamblers and usually lose.
The trailers think they are individualists and are standing aside but eminently get sucked up by the vacuum the mass leaves behind. These people continually lose and never figure out why.
So whether you are a TA or a Fundie, it doesn't matter as long as you are an individualist of the leader kind. The hardest part is figuring out what you are and sticking to it. Or you could be a genius and do both clearly at the same time.

Sermon of the Day
Gordo

PS help, how the heck do you post an original without going to someone. This post not meant to be directed to Tony.
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