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Non-Tech : The Critical Investing Workshop

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To: im a survivor who wrote (35126)4/1/2001 7:15:32 AM
From: AllansAlias  Read Replies (1) of 35685
 
I understand why folks are angry at Tom, but, as has been said many times, they have only themselves to blame. I am only talking about the aspect of the investment advice. I have no interest whatsoever in the other issues surrounding Tom and his friends.

IMO, this is so simple that people can hardly see it. Tom just doesn't know what he's doing. That's all. They may as well try to sue that plant in Britain that they were using to make market calls. You'd think that after his first few bottom calls failed back in September or October, that people would just put two and two together and would see that something was not adding up properly.

His stubbornness is a warning to everybody who would follow someone else's advice. Some analysts are worth studying and the best ones are flexible and readily admit and learn from their mistakes. All Tom does is tell people to buy the dip. If he were worthy of an ear, then he would have tried to learn something during this decline.

People will forget him in due time. The sooner they do, the better off they will be. We have a generation of investors who have never seen a bear market. Buy the dip has *always* worked for them. The have little or now fear; no sense of the risk involved. I have no doubt whatsoever that the market will correct this aberration.

The whole thing is a distraction. Let's leave it be and move on to what's more pressing and interesting.
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