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Non-Tech : Derivatives: Darth Vader's Revenge
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To: Frodo Baxter who wrote (666)12/6/1998 9:59:00 AM
From: Sam  Read Replies (3) of 2794
 
LK,
Hey, Fleckenstein stole Stitch's "favorite quote": <<Usually, there's a chain of events over a number of days that drives market developments. This is generally what I try to focus on. My view of the action is just that: My view. It is biased. You could describe my opinion in a humorous (if not accurate) way as, "Often wrong but never in doubt.">> Wonder if he reads SI? Though it is a common enough quote to apply to economists and analysts of all stripes. And not a few SI posters. Wonder if thinks that the "not accurate" part of the quote is the "often wrong" part, or the "never in doubt" part?

I also wonder where he gets his "up alomost 100 percent in the last 3 1/2 years" from. I seem to recall a Q&A with him in Barrons from around last spring where he said something like he considered himself a successful short seller because his accounts were still modestly positive, while most of his short hrethren were either out of business or should have been. I'm sure that the Aug-Sept. and early Oct. periods were as kind to him as the past month has probably not been.

I've been mostly out of Web touch for awhile, and will be again for a month or so. Will log in when I can, but have a great holiday season, Sam
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