Richard Ney and the Wall Street Gang Message Board

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Pastimes : Richard Ney and the Wall Street Gang

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To: Winstonwolf who wrote (160)	2/10/1998 7:44:00 PM
From: BenYeung	Read Replies (1) of 492

When Ney went bearish in August-October, the market turned upwards a few times, if you remember, back to the high-end of 7000. After a while, he kept his view but stopped stressing on the telling EXACT DATE it will happen. Then it happened. The rest is history. So I doubt that Ney will turn 180 and go bullish. He is still expecting the last climax for the bears. How come you did not buy any during Oct with you hefty 85% cash? That was the opportunity of a lifetime! I wished I had cash (I almost had a margin call, equity down to 35% briefly...no joke, I am back to 55% now without putting new funds in...what an experience!!! Phewww, wipe the sweat from my forehand.) By the way, how much is interest yield at your brokerage house? Do you swap between stocks and bonds sometimes? JBIL just ran out of steam, lets see how low will it go this time... By the way, my fortune telling skills did not live up to my expectations...the market made a new high in Feb 10, not the end of January as I expected...maybe I gotta have a few fortune cookies tonight. Ben Yeung

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