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Strategies & Market Trends : Point and Figure Charting

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To: james ball who wrote (7771)9/25/1998 9:23:00 AM
From: Margaret Mateer  Read Replies (1) of 34809
 
Hi Tom,
It was a real thrill meeting you at the conference two weeks ago!
Thanks for your time.
Re: "Do the big wirehouses have research you think is valuable"
For real, only when you use it as a contrary indicator. They are so dangerous for the average investor or for the investor who doesn't have the time to fully research and confirm their ideas. My experience is with Merrill and I especially resent their attempts to sell me stock that they make a market in... You can count on it losing a minimum of 50% of its value in the next couple of months. If you have specific questions you need answered like, whether the portfolio of XYZ bank contains a lot of derivatives, they can get you the answer fast and that is good. So until I get to the point where I am good enough to be truly independent, I'll stick with them (now that I've got their games figured out) - Also, I don't get charged commissions in my trading account - they get a % at the end of the year and it works out to be very low.
Peggy
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