Gary Smith is the "T/A Master" on TSCM
I read him every day, and like his style; always learn something from him
the following was written on April 1st, so my guess is that it is a Fool's Joke
still, make one think
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
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