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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 156.00+0.6%Nov 28 9:30 AM EST

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To: LLCF who wrote (3093)10/26/1997 9:17:00 PM
From: Proud_Infidel  Read Replies (1) of 10921
 
Unfortunately we're not talking market timing...we're talking trading

Semantics. What is the difference? We are talking about attempting to predict ST fluctuations in price. READ: MARKET TIMING

as if the number of billionaires from this field or that field show how one is more lucrative than the other to US...!!! Its wrong anyway...SOROS

Do you really expect people to believe George Soros makes 100%+ per year? If anyone needs to get a clue...

Every specialist on the NYSE is a trader and I'll bet 80% of 'em made 2 or 3 times the 100% per annum on their capital that we're talking about!

That 80% number is correct but used in the wrong reference. I believe you meant to say that 80% of Mutual Funds woefully underperfom the S&P. If 80% of these guys you are talking about make 100% per year, why doesn't Fidelity hire some of these geniuses and beat the S&P for once? Answer. They don't exist. Allow me to qualify that statement. I am sure there are some excellent traders out there, but they are anomalies, not the 80% of traders you claim.

Re: you're but a fool

I believe this to be true for one of us.

regards,

Brian
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