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Non-Tech : The Critical Investing Workshop

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To: Dealer who wrote (24430)7/5/2000 12:23:45 PM
From: Jim Willie CB  Read Replies (7) of 35685
 
must share with youall a concern on my TA

got a legitimate email from a reader regarding my TA
he said he doesnt believe I should put out any analysis
he said I should refrain since my account has suffered
he claims that if my account has declined, I am disqualified as someone to offer advice

my response was to deny ever suggesting actual trades
I pointed out how often I cite an analysis and dont link with my trading
I gave several examples of analyses where I didnt act

just want to warn many folks out there
I graded myself to this guy as having TA worth a "B+"
and having account management worth a "D+"
my account shows it
my analysis is far better than my account mgmt
also, my analysis is much more suspect in down markets
my TA is much better in up markets like last autumn
I told the guy that Volt Porch was a unique coffee shop
we understand each other and look at it as a notsoprivate club

so caveat emptor on any analysis of mine
I told him I will continue to answer requests for TA analysis
but I will also qualify my views with honest admissions

I will look at Sandisk sometime soon

by the way, I abandoned Qualcomm's stock on Monday
this stock has been a great disappointment for months
it seems to dive down in the face of optimistic rumors
too many more reliable stocks in tech land which have turned north
QCOM shows no evidence of having turned north
I see poor stochastic indicator, downtrend continuing
I see the 60 support as broken, soon retesting mid-50's
downtrend still the dominant technical feature here

I am into a few other techs now
gonna do some shorter term trading
need to get some little gains here and there
need to get practice taking profits
two obstacles: greed and tax avoidance

wow, SI now discussed on CNBC ashaving software problems
real names are displayed in lieu of alias monikers
/ Jim
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