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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Earlie who wrote (38507)10/5/2005 2:10:16 PM
From: Haim R. Branisteanu  Read Replies (5) of 116555
 
Earlie, one remarks to your post - fundamentals rarely count in today’s financial markets and in most cases do not work as anticipated – reason most if not all financial instruments are manipulated, if by WS or money managers or the issuer / company itself

Will bring up two stocks who were mentioned many times on treads I visit - FNM short around $70 for the last 2 or 3 years - most puts went to money heaven

PD (on BBB) around $60 to 65 as a buy in 2002/3 many calls went to money heaven.

Needless to mention that the concepts about those stock were right but EARLY <GG>

From my own perspective - stocks I found overvalued and I recommended to sell or short I got hammered and humiliated to many times - some I remember but there were many more --- CSCO at $70, SUNW at 65 (120 - 130 pre split) LU at 65 or even on currency moves I was ridiculed to death every time I made some comments that did not pan as forecasted

So if you have a great idea, then better IMHO, keep it to yourself :( - so I turned more to a reader than a contributor which brings to my mind a very old post once I posted related to the Mississippi River - which also proved true over time to the stock market and unfortunate to real life
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