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Strategies & Market Trends : Roger's 1997 Short Picks
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To: Franco Battista who wrote (8230)12/12/1997 10:26:00 AM
From: Pancho Villa  Read Replies (2) of 9285
 
To Franco and ALL: It ain't gonna be a pretty day for me! Most of my shorts are up and my longs down. This ain't supposed to be the way edging works! When this happens you need to remind yourself that day-to-day price fluctuations don't matter. You will usually see regression to the mean after a foe good/bad days in a row. What matters is the long term movements which are determined by the fundamentals. Not a good idea to trade on noise. I always recall a sentence from Peter Lynch's CD on investing. Nice toy to listen to but not worth signing up! there he says:

"During my times at Magelland 11 times (?) the market weent down by 10% or more and so did magellan. Interesting statistic.

Pancho

My last post for a while....
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