Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: TraderAlan who wrote (1579)	7/6/1999 4:41:00 PM
From: JB2	Read Replies (1) \| Respond to of 18137

Maybe as a person, but that's not how he comes across in his writing, and I only know him from his writing. Hey, there's nothing wrong with a big ego, it can be useful, as long as you know it's there and factor it into the picture. Why else would he make a blanket statement like that, on Yahoo btw ( does Yahoo bring out the best in anybody?) about a book he's never read? Ego is the most flattering explanation, as envious snobbery would be the other likely explanation, since he is SO tiresomely prone to bringing up Duke U., and his neurotic overachieving yuppie family life. I mean he presents himself as such a learned trader, yet he doesn't even "work his own trades" as he puts it. He's a stockpicker, and his full service broker handles his actual entry and exit for him. You of all people should acknowledge that your background in technical analysis is MUCH more extensive than that of Gary B. Smith, so why should a househubby who just took up stock picking a couple of years ago be authoritatively doling out quickie chart readings to novice traders for a living? Just because he can construct a paragraph, and has some Sports Illustrated credits on his resume? I've checked out ol' Gar's advice every since he tried out Jeff Cooper's methods last year, and I am impressed by his seemingly levelheaded progress as a trader, but he's got to have SOME ego to pass himself off as a TA authority. I take it with a grain of salt---the guys at the street.com write too much to be able to focus fully on their trading, or reading the volumes of their contemporaries.

To: TraderAlan who wrote (1579)	7/7/1999 1:34:00 AM
From: -	Read Replies (1) \| Respond to of 18137

<I know Gary and... he's about as humble as they get> That may be true, but if you read the guy carefully... there's a LOT of Ego in there! :) A few weeks ago, when he was calling for the bottom to fall out in the nets, all I could see was a climax bottom... I don't know where in the world he got the crazy idea to short AOL at $100, YHOO at $120, etc... for someone that teaches trading, it must be real embarrasing for him to have to eat Crow now, for being SO wrong. He was really being a big shot about all the shorts he was calling, go take a look in the archives. It wouldn't be so bad, but he was up 30 points on some of the shorts, and he failed so much to set a break-even stop... he gave it all back when the stocks rallied. I don't think this guy is really a trader!! I just had to stop reading his column at that point, after a year of following him... I'm sure he's a nice, humble guy and all that... humbler now! ;) Which every trader gets, from time to time... -Steve