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Strategies & Market Trends : Position Trading Forum
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To: Tim Luke who wrote (6575)11/11/1998 5:07:00 PM
From: jim bowman  Read Replies (1) of 7247
 
Tim,

You offered to share your picks for free in a highly charged arena -- making or losing peoples money. I presume that you put the stops in to protect against an downturn -- which is perfectly reasonable. They executed and you were honest about what happened. If you were a paid advisor, going to the beach during the volatility would be a no,no...BUT YOU ARE NOT AND THUS NOT ACCOUNTABLE IN ANY WAY FOR WHAT HAPPENED.

For what it's worth, I would encourage you to give these folks the benefit of a doubt by recognizing that were depressed about the dip and were not wanting to look in the mirror to see who was responsible. Sometimes it's easier to point fingers.

Many here are IMPROPERLY letting you pull the trigger on their buys and sells and thus, unconsously, making you responsible for the good and the bad. That's wrong but it's the way human nature operates. You are god when you are right and the devil when you are wrong -- in this case even when you are not responsible for every last detail. What happened today was no surprise and not a matter of if but when.

Frankly, this is a service that novice investors SHOULD pay mucho diniro for and only then EXPECT good and timely information. They should have no gripes when you go to the beach and don't watch every tick for them. I don't see how people can imply or even say that you did anything wrong.

NEWZ is a good stock and it will pull out. Good luck to you in your new endeavors and thanks for your participation here.

Jim
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