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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: Cogito Ergo Sum who wrote (4714)	11/6/2002 8:05:18 PM
From: Peter W. Panchyshyn	Read Replies (2) of 11633

You know I can't quantify it. Lorne made a call that he bought (was buying) tech and allocating 10% as I recall of his portfolio (still a pretty big gamble to me). ----- Now generalized and nonspecific calls cant be quantified. So to have someone make claims as Lorne has done repeatedly that his trading strategy delivers superior returns without showing that without quantifying that tells what about it? That it doesnt work as was claimed. The claims I make I back up with before the fact specifics. These claims then can be checked and verified by all to judge its validity. Lorne doesnt provide that. And it is that, that joe average wants and more importantly needs to decide for himself what he is to do with his hard earned money. Joe doesnt need or want someone to come out here saying how good they are and how well they do only to have them say when asked for some insight into how they do it (to fill joe in so he (joe) can get the same) that they are too busy or just wont respond. Case in point was Bill asking Lorne how a dividend stripping strategy would have worked with say his GLH.UN. Lornes response NOTHING. -------- Even if he only paper traded or in reality chickened out (none of which he has indicated) he still made a good call, hell maybe it was just a wild a$$ guess but it certainly was fortuitous. As far as quantifying well maybe he bought QQQ's and made a nice gain or maybe he played the soxx ------ Maybes dont count for anything in investing. And just as equally likely as Bill pointed out with his own tech example at the time GIB.A (I believe you can check his post). That one did nothing or fell at the time. Like I pointed out saying since we dont know what Lorne bought before hand it could well have been anyone of the few to many techs that did nothing or fell. So for Lorne to come out and say well look how smart I am and how well I did is laughable. And is hardly a prime example for joe average to just go ahead and do the same trading. For joe that would be suicide. Or do you think otherwise? --------------- or maybe he got real lucky and tripled his money in NT. ----- Had you bothered to check in on Lornes postings attack of my method you would have saw that he mentioned NT as a basket case and if someone used my method on it they would have been nuts. He like so many others were calling for NT to go bankrupt and disappear. I used my strategy to show a NT investor could come out ahead, and that happened realtime afterwards. So your assertion that he may have bought NT and got huge gains is shown by Lornes own postings to not be the case. --------- It doesn't matter to me. I'm not keeping score on everyone's gains but I do tend to remember there call's and / or strategy. ----- Well it matters to joe average. He's told me so. From the many messages I have received from those lurking on this forum. What you seem to be saying is that the number of ones successes is not important. So if Lornes successes are really only 1 in 10 or 5 in 10. Thats not important. But what is of more importance is if you remember those 1 or those 5. Thats just nonsense. And I trust that joe here has more sense than to risk his hard earned money investing by way of that kind of strategy. ---------------- FWIW I've only got one poster on ignore and he doesn't post here, but when you guys bicker I just skip it.... life's too short for this cyber dueling chit. ------ Mixed in with that duelling are important facts and data. Like just how many successes a person has really been having with his strategy. And if a person can back up his strategy with real fact and data. And if a person can counter all others poking to try to discredit that strategy. And if that strategy holds real time. As mine did in the case of NT. Skip that and you skip which strategy actually works and which just plain doesnt. Thats your choice. Joe isn't so easily impressed as you when it comes to risking his hard earned money he wants REAL PROOF ------- ------

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