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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: RR who wrote (39826)	8/6/2001 3:46:57 PM
From: Jim Willie CB	Read Replies (1) of 65232

$89,161 ... what assumptions are you using? now flip a coin twelve times and tell me how often you get 12 straight HEADS ??? 1 in 4096 I once knew a guy who had 7 daughters and one baby boy son 1 in 64 for 7 straight of same sex 1 in 128 for 7 straight daughters very rare family, never met another like in my whole life I would conclude that 12 straight winners is more rare than this guy's family makeup you said you had a losing trade with JDSU recently so why talk about 12 straight 20% gainers ? if I went to Foxwoods in Connecticut and made a $1000 every day for three years, I would be a millionaire again just what fallacy are you promoting on expected gains ? / jim

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