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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Box-By-The-Riviera™ who wrote (75395)3/5/2001 8:23:14 AM
From: AllansAlias  Read Replies (2) of 436258
 
Joel,

I hear ya. I have the opposite problem these days. Back in the late Spring I was known as a sort of madman (all in good taste you understand -- "Oh, Allan is losing his mind again this year. He's so cute." -g) here in my village and among my colleagues in the greater hinterland. Now, with the onset on a little TL I am getting calls asking my advice. I always say the same thing: "I really don't know which way things are headed here and I am not an expert. Look at yourself and why you are calling somebody who made one good call -- do your own study. Still, I do think it is a great time to at least step aside for awhile."

I had 3 calls alone when NT imploded the first time this fall: "Seems awfully cheap. Should I buy the dip here?" I had the same number of calls about it after the most recent implosion, all stating they wanted to or were indeed buying the dip on NT.

When people ask me for advice these days, I take the opportunity to remind myself that humility is an essential trader's tool and this naturally leads me to avoid firm or cocky answers.

Cheers. Allan
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