Slideroo! Thank you for thinking about me and forwarding that fine piece of financial literature. I certainly appreciate it and I'll put that book on my list of "to reads."
There are certainly many ways to make money in the market, the one you mentioned, being one of those ways. I tried to find my copies of the Wall Street Journal from several years ago with another fine way of investing and making money. I couldn't find them so I'll have to tell you from memory.
The system called for four or five "hot shot" mutual fund managers giving their top three picks for the next six months. A monkey was then given three darts and he tossed them at a board listing a large number of companies. Wherever the darts landed, those were the monkey's picks. I was surprised how often the monkey won. The rumor has it the monkey has been retired to the Stockpicking Hall of Fame, but I don't know for sure.
Too bad your fellow lap dogs at Seldom Drilling, Seldom Right thread didn't use this approach over the last year. According to Iso la Pooch, he and the rest of your buds are having disappointing years. I'm not surprised though, there's very little original thinking over there from what I hear. Mostly la Pooch reading Puplava, Bonner, Fry, Kasriel, Gross and others and then plagiarizing their material and calling it his own. Funny, the name of your thread is a case of plagiarism at its essence.
Slideroo, I have many years of sales management experience and the primary objective of any leader is to "multiply himself through others." That's what we try to do at HTP. We allow people to share their thoughts, ideas, insights and analysis, in hopes of finding something that can help make us better investors and/or traders. We don't keep score because the only score that matters is our own private portfolios. Where you prefer to belittle and harass, we embrace and encourage. Simple leadership techniques that you and your crew lack. Where you attempt to humiliate a Johnny Q or Tommaso, we welcome their input and work with their strengths. Where your insecure buds place people on ignore or ban them from your thread, we tolerate differing views and give serious consideration to the thoughts of others when due. You never know when someone may say something that triggers a thought of your own. We call it "keeping an open mind" and looking for opportunity.
You continue to criticize my technical analysis and that's OK with me. Have you seen how many people refer to stockcharts now, since I first started sharing the technical analysis from that site? Even some of your comrades are using it on the copy cat sight of SD II. "Multiply yourself through others." That's the benefit I've received by sharing that information. Others are using that information and sharing it with others. The ideas are flowing, people are learning and our portfolios are growing along with our knowledge.
You continue to try and predict the direction of the market and certain sectors specifically. You've mentioned buying points and also speak about averaging down. You've spoken about averaging down for the past four years. Can you tell me which successful investor promotes averaging down as a viable trading or investing technique? When you average down it means you were wrong! Sometimes your theories play out but your timing is never accurate, or so it seems to me.
ACCURACY and TIMING is what we're all about Slideroo. ACCURACY and TIMING!
You always state that I don't make any calls. Seems you don't know what you are talking about. Let me give you a few of the recent ones.
September 21st, the markets were falling after the WTC attack. People wanted to know when to buy.
Message 16391354
Slideroo, I nailed the bottom on the exact day it occurred. THE EXACT DAY! Budda-bing, budda-boom Slideroo! Not like your gold call that took the ice age and stone age combined to come about. ACCURACY and TIMING. In the last two and a half months, the NAZ is up 39% since my call. And you say none of my calls are sterling? Show me one of yours where the ACCURACY and TIMING were any better! I know la Pooch can't!
How bout my call on the retail sector on November 1st?
Message 16593526
It went up IMMEDIATELY! None of this slice and dice and average down crap that you and the lap dogs use.
ACCURACY and TIMING! Up double figures for the month.
stockcharts.com[h,a]daclynmy[d20011101,20011130][pf][iut]
How bout earlier this month with my call on the OSX? The Russians were balking at cutbacks. ENE was in turmoil. Prices were falling. People were talking about a 50 OSX, a 40 OSX, nobody knew where the bottom would be. Here's my call.
Message 16668947
I called the OSX to bottom at 65.54, it bottomed at 68.16. I never was good at math but I still nailed it on the day it occurred and "live time" as they say. It has gone up since. ACCURACY and TIMING!
stockcharts.com[h,a]daclynmy[d20011101,20011130][pf][iut]
And this from a post to you on November 17th.
>> Broader market? I mentioned earlier in the week that I thought the NASDAQ would pull back at the 1928-30 level. That would represent the 150 day moving average which is longer term resistance.
Since I like to trade what I see, as opposed to what I think, if I see the NAZ break the 150 day moving average on decent volume, it's another good short term play to the long side. A break above the 200 day MA and I go fully invested, mostly tech leaders. I don't know if it'll go that way, but I'm prepared for it if it does. <<
I said the NAZ would stall or pull back at 1930?
Damn, it hit 1934 before retreating some. And, it has pretty much stalled here. ACCURACY and TIMING!
stockcharts.com[h,a]daclynmy[d20011101,20011130][pb150!f][iut]
So tell me Slider, if "live time" ACCURACY and TIMING calls aren't good enough for you, what is?
Funny, you mentioned I should read, The Psychology of Technical Analysis. That's exactly what candlesticks do. They show you the psychology of the market. You don't have to be smart to read it, any dummy can do it. I did!
OK, maybe not every dummy, you and la Pooch are still unable to read the charts. You I still have faith in, la Pooch? Fuhgeddaboutit, he lacks the talent.
Hey Slideroo, remember how la Pooch showed up on a free meal ticket to SI and bragged about being a former Wall Street broker with the knack for reading the tape? WHAT THE HECK HAPPENED!!!!! His results are disappointing, his analysis and trading style have changed, he can't explain how to read the tape, so what gives?
And you call my good friend KB a bull$hi^^er? Who's zooming who? (ROFLMAO!)
Who luvs ya baby? You damn Yankee fan!
da-accurate-and-timely-bum |
