TSCM<------Fat Lady just arrived and is warmin up out back!!
Now we know wher Cramer hits his tradin ideas.....Sorry buddy..but the stagff at TSCM sucks more than their stock here is proof!!
Cautionary tale: media guru wiped out
So much for technical analysis, eh?
=============
The Chartman Suffers Enormous Trading Losses
By Gary B. Smith
Special to TheStreet.com
4/1/00 12:25 AM ET
Editor's Note: In lieu of the Technical Forum today, please read this
brief message.
Dear Readers,
I never thought it would come to this. Honestly. But, due to the
heavy losses I've sustained the past few days, I find I am
physically and emotionally unable to continue writing my
various columns.
In the spirit of full disclosure, I will confess I was guilty
of everything I told you readers not to do. I thought I was a
better trader than I was. I got way overextended, using margin
to its full extent. And I thought I could ride some of my losses
down, in the hope they would rebound and put me back in the black.
However, with the Nasdaq tanking this past Thursday, I was wiped
out. Unable to meet my margin calls, my account has been liquidated,
and I fear I will have to file for personal bankruptcy.
I am sorry, loyal readers, if I have disappointed you. May your
luck be better than mine!
Regards,
Gary B. Smith
-------------------
Gary B. Smith is a freelance writer who trades for his own account
from his Maryland home using technical analysis. Smith writes
five technical analysis columns for TheStreet.com each week,
including Technician's Take, Charted Territory and TSC
Technical Forum. |
