To: Don Pueblo who wrote (63193 ) 9/25/1999 1:53:00 PM From: lee kramer Read Replies (3) | Respond to
TLC...a buncha posts by you from "seeming" arrogance to moderation to humility. Kinda like a trader who can reverse positions or switch horses when the one he's on is drowning. Commendable. Initially (7 hours ago) I came away thinking "all this mishegash because Jenna took a 6-point loss on a PHCM short? Where's this yutz coming from? Now I sense you're well on your way to menschville. Anyway my thoughts a few hours ago were; (1) this guy who claims he's right 8 outta 10 times has a schnozzola longer than Cyrano's, or hasn't been trading his Very Successful method that long...I can document periods when I'm trading winners at an .800 clip...but this is temporal; no trader bats .800 for ant extended period ot time. (2) The "seeming" arrogance was perhaps his unfortunate phrase "I'll take your money", stated over and over, probably unintended. He meant "the market will take your money" or "losing trades will take (away) your money." (3) He seems young and cocky; Over a few decades I've seen a bushelfull of young cockies get THEIR money taken away. The Street is littered with their bones and moans.(4) "PHCM will run to 202 5/16"...this was puzzling, and reminded me of your story of the chap who said his stock would run to 14, and not a penny less. Perhaps you used an internal trend line and came up with 202 5/16. If you use an internal trend-line, I suspect it's effectiveness is no greater than many other trading methods. And 202 5/16 had to be sardonic or foolishness. I'll guess the former.
