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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Don Pueblo who wrote (63181)	9/24/1999 10:40:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

TLC..very interesting post, but I am not a shorter, nor do I trade with such extremely large blocks. I short only occasionally and I have no doubt you 'would take my money' but somehow or other I have escaped being eaten by you since Im doing easily better than your friend although honestly Market Gems makes up the lions portion of my yearly take. I never said trading was gambling you are obviously too embroiled with your 'success' to have time to read my post. I am the last one to gamble as I have a techno-fundamentalist approach to the market... All I said that PHCM was turning into a gambling sort of stock. And if you don't see that than I question the veracity of statements. I don't know you or if what you profess to say is true. I don't see a business or a large trading house in your profile and I assume however you are honest and upstanding like every single poster on SI. I have a subscriber who is soft-spoken you can barely hear him speak, he was an ex supervisor in the New York Public School system. He never brags but occasionally gives me his portfolio for any comments. Well his 3 million dollar portfolio speaks for itself and so does this man's candor, humbleness and downright knowledge of the market. He has no computer either which is why he can't mkae much use of Market Gems picks, so we talk weekly.For the last 18 years he goes to the library to research his stocks, mostly with Value Line and with the back issues of World Street Journal and Investor's Business Daily. He was not a wealthy man to start out but now at the youngish age of 55, he is retired and has quite nice nest egg and pension. Unfortunately, I don't have the 'freedom' to trade that little but much of my time is taken up with Market Gems rather than trading and I've missed many a trade by working on my business. I also readily admit I don't have much time out of the stock research arena. I've also been doing this for some years and I'm not a daytrader. In the future we will be expanding so I must be doing something right. The most I've ever lost was 35k on that dark day in October 28, 1998, and I've never never 'gamble' with a stock, but I thought that PHCM was turning into a gamble nonetheless. I'm glad you never lose and are in a minority of .00001%, I do lose but I've come in 4 years further than most traders in a lifetime including a successful business so I'm not sure the message you are trying to impart to me.. You still sound like the 'old western movies' the fastest draw in the west, until someone else just a wee bit faster on the trigger finally put him to rest and took the title away one dim morning under the full moon.

To: Don Pueblo who wrote (63181)	9/25/1999 1:17:00 AM
From: Scrumpy	Read Replies (2) \| Respond to of 120523

TLC, even "professional" card-counters are "gambling". Your techniques and "straight-edge" analysis have my curiosity stoked. Where can I buy this ostensibly thick book? The mistakes you've listed (and with much fervor) are well-known, and well-documented pitfalls of new and greedy traders. ...but if you're raking it in, more power to you. Happy Trading, Scrumpy BTW, your former trading neighbors weren't "pros" if they got hammered as you described, regardless of how much you respect them.

To: Don Pueblo who wrote (63181)	9/25/1999 7:45:00 AM
From: Mr. Big	Respond to of 120523

<<I watched a very professional player lose over a hundred thousand dollars last summer. He was shorting a hot stock as it ran up. He just happened to be on the wrong side of the trade, and he just happened to keep adding to his short position as it ran from 4 bucks up to 33. When the bell rang, he was out of business. He was a pro, he did this for a living, and walked out the door that afternoon down over a hundred grand. A wife and 4 kids, and he was broke.>> This guy was a gambler not putting stops in place. Never ride a wild bucking horse - get off! <<The truth is that a fifty grand haircut would put the majority of ordinary day traders out of business. It would cause them to change what they were having for dinner, or what they talked about with their spouse that night.>> Where are you getting these numbers? The excitement generated when placing a trade can be very similar to waiting for the dealer to show you his blackjack or bust hand. Selling is the most important part of this game and limiting those losses (yes its OK to lose) is crucial to future success. If a stsock goes agaianst you quickly never let it bleed into a 10% or more loser. I say you have to lose money before you make money. Mr Big at home looking at a blank screen and a BIG money market account. No bets this weekend!