Miss Graphs: After I posted my message, I went to your profile, and from there I went to your site. You are right. You did predict a short term top for the Naz at 5125. However, there is no mention in this post about it being a long term top. But a few days later, you did post a message that said you were getting out of semiconductors, and later you wrote that you were going into oil. You said that the fun was getting in at a bottom of a sector rather than squeezing the last dollar out of the top of a sector, which is a very good idea.
As far as your belief that Jock is not dead, and that I am Jock, you have good reasons to think so, and I will try to address what I feel are your reasons.
Jock posted a lot of messages just two months before he died, and Jock left a crazy prediction that was addressed to Dipy. You would think that a dying person who was wasting away wouldn’t even bother, and that the person would prefer to spend his time with his wife and children.
Jock did spend a lot of time with me and the kids, and he wrote lessons for the kids that are to be read by each one at their birthdays up to the age of 45.
Although I wrote he died of Crohns complications, he actually died of a heart attack, which was caused by the excessive Prednisone that he was taking. Prednisone is a drug used to treat Crohns, and it affected Jock like a lot of people. Without it he was a very sick and tired person. With it, he was like Superman. And when he was superman, he was always out of control with his fight and his sense of humor. He also was the supporter of his children. After the 9/11 attacks, he was heavily invested in the market, and if you look at his posts, he knew that bottom of the market was hit real time.
Jock very much wanted to meet Dipy when Dipy lost the dinner bet, and Jock was very disappointed that Dipy did not honor the bet. In fact Jock even offered to fly out to meet Dipy. So it is wrong for Dipy to voice his opinion that Jock has not passed, when Dipy refused to meet Jock. Jock felt that Dipy was a bitter frustrated worker who was fired from his job in the tech industry, and that Dipy had an ax to grind since Dipy would write that he had a large holding in LSI, while he would also try to harm the stock. Jock felt that if he met Dipy that Dipy would be exposed. Since, it no longer matters, the best friend that Jock had on this thread was a person who posted on this thread only a few times. He was a “fab rat” who worked at an LSI fab, and Jock would talk to him about business. There was never a dime exchanged between the two. He and Jock got along because he knew that Jock was a working class person who understood what it was to struggle. He hated Shane who he thought was full of himself, and while I realize that you were Shane’s friend, the fact is that Shane was full of himself and when he and my husband were fighting on the Yahoo thread in March 2000, he turned to be wrong, and Jock turned to be right. When Jock was waked, one of the items in Jock’s casket was a blue LSI polo shirt that the fab rat had bought Jock. He no longer works for the company because of the lay offs, but he has a copy of Jock’s obituary and other materials. Since you seem to know how to look through personal profiles, he should not be that hard to find.
But Dipy has chosen to voice his negative opinions about LSI, and I feel that it is a good time to buy now based on price to book valuations of the semiconductor industry. We shall see how this turns, but investing in the stock market takes more than just being a bitter old man.
You also discussed using fundamentals and technical. Jock knew technicals.. We have 30 books on technicals in the house where the bindings are worn. Jock daytraded by phone for years, and he did it even when he could do it on the internet. He knew that to know who the players were you had to understand technicals. He also knew that a trader had to master that in three dimensions in real time. But he felt that there were three more important issues in day trading. The first was whether the specialist was in control of the stock or if the market was in control of the stock. If the specialist was in control of the stock, then technicals were not important. If the market was in control of the market, then technicals were more important. The second was the underlying strength of the psychology of the market. The third was the fundamentals. During the “bubble” everyone was a technical analyst, but like you everyone only wanted to time buy signals, and that is why so many people went broke. They weren’t really technicians, they were people who wanted to find a reason to buy.
Now you might ask what possible experience do I have to make these judgements? I learned over the years from someone who knew what he doing, and when I applied it to life, I found out that my American prince understood a lot of trading truths that can be applied to life.
We shall see how the market moves this year and I was very worried when LSI went down to 4. But I think that this will be a good year. |
