How about the coffee filter/origami sharing first, Freeus? Oh, and I think I'll split my response to you today into several small ones, acc'd to an outline of my thoughts-- currently residing in my open WordPerfect text document window--which is guiding my response. That way, you can pick and chose without having to wade through accompaning verbiage if something rings your bell & you'd like to either respond to it specifically or comment on a comment, okay?
COFFEE FILTER 101
I like to think outside the box when I'm trying to share with someone, and this is a classic hands-on sharing technique from me. Grab that coffee filter and a pair of scissors, ok?
After smoothing out the filter into a 360 Degree perfect circle (or for those reading: cut out a perfect 5" circle as best you can by folding a sheet of 8.5x11 into a perfect square, cutting off the excess, and then folding in half, then in half again, and then cutting out a pie shaped wedgie. When opened up, YOU will have a perfect circle to work from as well. Open and smooth out your creation.
Those of you with a coffee filter or newly created circle, after folding in 1/2 and then folding that half in half, take your scissors and cut out the 1/4 circle wedgie--- along the sharp creases--- as straight as you can. Set the 3/4 of a circle aside for backups, incase you mess up this pie wedgie with your markings, and need a fresh "wedgie."<g>
On the horizontal axis, the straight line closest to your chest, on THAT leftmost point of the wedgie, write O for Zero degrees opposite the rounded arc on your right.
At the TOP of your 1/4 circle put 90 (for 90 Degrees). A smidgin to the Right of your 90 Marking, guess at where 87 Degrees would be and mark that point with a little hash mark as well, noting that it is 87-R (Degrees).
Now, fold the 1/4 pie wedge in half. Mark this new "crease" as 45-R. along the arc in some manner with a hash mark acknowledging the "official crease."
Now, eyeball the remaining 1/8 circle arc between 45-R crease and the horizontal axis next to your chest, place a hash mark in that middle and call it 22-R (Degrees.)
Eyeball the remaining 1/8 circle ABOVE the 45-R to the 90-R marking: hashmark that point and label it as 67-R for 67 (Degrees) above the horizontal axis.
Now you have an INVALUABLE, home-made to be sure, SELLER'S GUIDE: (can double as a buyers guide as well, yes)
It is unswayed by unemotions.
It is unaffected by over-valuation talk.
It is unaffected by interest rate yammer.
It won't talk back and give you grief.
It won't let you down if you use it regularly.
It is good in bullmarkets.
And if turned upside down, it is good in bear markets to buy and sell against as well.
Those of you who still have your high school protractor,
grab it. Basically use masking tape or whatever works, and tape off the left 90 degrees on the horizontal axis so that you aren't visually bothered with extraneous numbers etc.
Those of you who like to be fancier, and spend money on something that looks good and comes from official sources,
slip $5 into an envelop, send it to the Kansas City Board of Trade, and ask for them to mail you a "Trader's Protractor."
Their address is:
Kansas City Board Of Trade:
4800 Main Ste 303
Kansas City, MO 64112
1-800-821-5228
No, they don't take credit card orders. At least they
didn't used to and it's been only $5 for about 15 years now. Better get more than one if you're going to order one. Everyone you know will want one of their own when they see/learn about how much success you have using yours.<g>
It will come in a neat little triangle folder in "see-through" clear PVC complete markings already on it. But, the homemade coffee filter wedgie, or homemade circle is JUST FINE and will serve you well.
Now, how to use this wedgie is one valuable tool to help us discuss the big question I hear you asking: what did you use to help you sell, whether it was Bre-X or whatever, O/49r.
Having fun yet?<g>
Now, locate a short 6" or a 12" rule, preferably one you can see through, as we continue this visit, okay? The edge of the homemade wedgie, while as straight as you can cut it...
...that is NOT good enough to repeatedly use as a straight edge for drawing lines.
Oh, and one more thing:
Look at your pie wedgie again and do this for me:
On that flat side that goes vertical between "0" and "90"...
write the word "PRICE" for me along that flat side, ok?
And along the bottom flat side, next to your chest, write the word "TIME" on that flat side. Each flat side is known as an "axis" (also known in math circles as a radius)...but we aren't doing geometry, we are trying to learn to identify a selling point, or points in a time/price world of making money.
Believe if or not, that little wedgie DOES correlate quite nicely over your investing career with time and price identification, just as it is in all of its homemade glory.
Next reply is now under construction
Until then, I remain
Very truly yours,
O/49r
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