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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?


To: Rich1 who wrote (11769)1/3/2000 10:54:00 PM
From: Ms. X  Read Replies (4) | Respond to of 63513
 
GMST I don't like here. I'd certainly lighten up on any reversal up. Something is amiss.

My PnF story...

Well,
I thought I was all that because I had discovered trading and was trading StrataCom (remember them) rather well. Then I got caught up in a news story about Iomega and bought 1000 shares at what turned out to be the very tippy top. It then proceeded to turn into a teenager from there.

I was also trading options later and did well with Cisco but died on Cascade. I watched CNBC regularly for some ideas (I hadn't figured out their ideas were always a day late and a dollar short) when this man came on TV.
His name was Tom Dorsey.

I listened and he was the first person that made any sense what so ever. He talked about market risk, stock position and option trading. Over that weekend I looked up Dorsey Wright on the internet to see if they had a site and they did. I found their phone number and even though it was a Sunday I called. Tom answered the phone. I was shocked and didn't know what to say but he was very nice and helpful. We talked for about an hour and he was going to hook me up with a broker that understood PnF.

Well, I bought his book and read it a couple of times. It made such good sense I decided to get a subscription to DWA. It turned out Tommy needed some help with the internet so we exchanged emails daily and became friends. I learned directly from Tom and also gained a very good friend :-)
I found I had a good grasp of PnF and was able to do my own account without a broker. I haven't looked back since.
This was four years ago exactly, or is it five? No, four.

I then made my way over to SI to see if anyone was talking about PnF and found no one was (even though there was a thread started), so I started the trend. I didn't know I would be teaching and consulting but here I am, loving every minute of it!

That is pretty much my story.

Ta da!



To: Rich1 who wrote (11769)1/4/2000 1:25:00 AM
From: Alan Smithee  Read Replies (1) | Respond to of 63513
 
Rich:

I think GBLX will be fine. If you didn't see it, might want to scan Tommy's post to me on the stock:

Message 12427756

Let's not forget, MFNX, which used to trade lockstep with GBLX, gave a sell signal and dipped into the 30's. Look where it is now...