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Pastimes : Ask Mohan about the Market

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To: Dwight E. Karlsen who wrote (9056)	11/23/1997 12:52:00 PM
From: Simon	Read Replies (2) of 18056

<<Simon, I made 93% and 73% profit on two call trades>> GOOD FOR U. I am not particularly a Bear or a Bull. It makes very little difference. Except for the fact of ultimated consequences of a Big bear market.I went Bearish in 1992 on USS at around 130. Just when the bull market started. It did a nice 6 month formation and I shorted it at around 90 and did extremely well as it went down. Eventually; whomever, I had borrowed the stock from couldn't take it anymore and I had to give back the stock. MY OBJECTION is that some people who apparently do not understand the market are acting like cheer leaders for some stocks, and unwittingly dragging other people into the stock only to lose money. I lost $ 500 on a very stupid assumption several months ago when the Head of Raymond James & Co. in Florida said the correction is over. To his credit, several weeks later he was on cnbc and admitted he made a mistake. If the head of Raymond James can't get it right, why should people have any faith in the multitudes of amatures who are doing Pom Pom dances for a particular company they think is going to be winner?

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