Mr. Wolanchuk conveniently neglects to mention that I don't request money for my opinions (wrong or right) on message boards.
I would be interested in hearing from individual investors who were paid subscribers to his phone/newsletter service, particularly if you lost money.
I would be particularly interested in hearing from investors who may have any information regarding conversations/communications between Mr. Wolanchuk and Valence insiders.
Thank you,
Bill Wexler
billwexler@yahoo.com
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Date: Thu Jan 11, 2001 11:02 pm
Subject: RE: [lwside1] Re: Rally over? According to various media reports, Don Wolanchuk is known as a blowhard, self-promoter. A huckster whose "paper" timing record is largely due to his high-volatility permabull calls during the five year mania using his personal version of EWT. What else? His 1998 forecast: "Dow can hit16,000 in the next couple of months" and he has also projected 18,000 by 2005. He shamelessly admits, "Occasionally, I nail it on the head. The trick is that if I make a mistake, I ride it out and don't take a loss. That's because the wave structure always promises more on the upside." He's a smart enough promoter to not manage money, continuing to manage the family's boot business, the Chester Boot shop, started by his father-in-law in 1947. He proudly points out that he started as a broker in Detroit after being impressed with Joe Granville and Richard Ney... |
