Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: lee kramer who wrote (43066)	6/3/1999 7:49:00 PM
From: Doug Robinson	Read Replies (1) of 120523

Lee, I love horse racing. What track were you a handicapper at? BTW, one of the advantages of stocks is the more people that like a stock the higher it's price goes. As you know, the more people that like a horse the lower it's odds. You were lucky when you were the tracks handicapper that the fans didn't make all your choices underlays. That's usually the case with the better track or newspaper handicappers. Handicappers determine the likely hood of a horse winning a race, assign odds taking into account the track's take and when the odds are greater than the probability of a horse winning a race, they bet. If too many people bet the same horse then it becomes an underlay when the probability wagering odds are less than the probability of a horse winning (assuming the handicappper knows what he's doing). You've got to pick your spots, as you well know. The same holds true of picking stocks. If you don't know which one of many different ideas are the one's that are going to work, you are going to lose. I know a guy that plays lot's of horses in every race. Always has a winner but always loses money. Pick a lot of stocks everyday and sure you'll have some winners. The key is to pick the few that will benefit for whatever your time frame is. Glad to hear your a horse player. Did you see Chris Antley on CNBC this morning. I'm hoping the best for him and Charismatic for the triple crown. Not much to say about the competition this year but it would be nice to see a triple crown winner. Sure was an overlay in the Preakness. 8-1 on the winner of the Kentucky Derby and a horse that was definitely improving. Won rather easily! One of those wonderful moments when I could yell "Cash 'em, don't trash 'em!"

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