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Pastimes : Richard Ney and the Wall Street Gang

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To: BenYeung who wrote (124)1/21/1998 4:20:00 AM
From: ccryder  Read Replies (1) of 492
 
Having a strategy, keeping it, and modifying it rationally away from the heat of the action seem to be the key to successful investing. And there are many successful strategies for winning in the market because it is not a zero sum game as a poster pointed out to us.

Reno is a zero sum game with the odds stacked against you. But a cool head can help you win.

On Wall Street, finding out what the current game is should help us greatly. It looks like the techs will bounce back. KLAC came in on target with pluses to cancel the Asian minuses. AMAT reports soon as does SCI. Scuttlebutt on SCI is that they are holding back some this quarter but will still beat estimates. JBIL should do well from here and I might even get my money out of the options I meant to sell but bought instead. I suspect the future in chips is that some of the favor will return to European and US manufacturers down the road as delays in Asian manufacturer's plant updates delay their capability to invest in technology improvements.

I'm looking forward to going to the Cape the first week in Feb to view the Globalstar launch. Hey man, it's better than a football game and much more profitable.
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