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Strategies & Market Trends : Ted Warren's Investolator

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To: robert b furman who wrote (1656)5/11/2025 5:40:57 PM
From: Harvey Specter   of 1789
 
Hi Robert,

I have another question about Ted's newsletter from back in the day. Did he ever roast/criticize people in his newsletter like he does in the book? I do wonder if he ever roasted Bill O'Neil and/or Investor's Business Daily (IBD) in his newsletter. If you don't know who Bill O'Neil was, he was a disciple of Gerald Loeb. Ted roasted Gerald Loeb in his book (he doesn't ever mention him by name but you can tell that is who he is referring to in the excerpt below based on the clues he provides). Bill O'Neil basically preached the same thing as Loeb - that you have to cut your losses short/use stops (which Ted was adamantly against). IBD also explicitly does high level investing which Ted was against except in cases where there are long-term high level consolidations. You often won't see IBD recommend a stock until after it's already up several hundred percent LOL and they also eschew low priced stocks that are often actual bargains.


Mark Minervini is another one from that "tree" - just a few days ago on May 7th he was talking about how GRPN had tried to breakout and "failed" - of course he was looking at the daily chart and not the monthly. The next day the stock ripped on earnings LOL. If Minervini bothered to check the monthly chart he would have seen it was emerging out of a long-term base. My father actually managed to buy GRPN at $17 and change using Ted Warren's method and sat through the little shakeout that Minervini thought was a breakout failure now he's sitting on a good sized profit. I didn't buy GRPN until the breakout above $20 after earnings so I'm sitting on a smaller profit in it. I would imagine if Ted were around today he would be on Twitter criticizing all of the IBD guys like Minervini haha.

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