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To: Mike Buckley who wrote (35407)7/17/1999 1:20:00 AM
From: waverider  Read Replies (2) | Respond to of 152472
 
Mike I knew a guy who timed the market perfectly and pulled out before last summer's crash. He was real smart because not only did he sell his longs, he went short. Beautiful timing. A couple of his friends were impressed because they knew he knew how to predict the market...so they followed his lead and shorted.

The problem was they held their shorts all the way into December and got their collective asses whipped.

The smart guy was a lot poorer and his friends learned a big lesson.

The smart guy was me.

Beware when you start believing people you THINK you know can time the market.

Rick
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