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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: moronbaiter who wrote (53873)	4/1/2000 11:51:00 AM
From: Anthony@Pacific	Read Replies (5) \| Respond to of 122087

TSCM<-------GURU Crushed and Toasted by thge merciless market..... Tskk..tsk...tsk...tsk..... I can only hope Beth Kwackin Kwon followed his advice... ---------- Here is a typical story about why Day trading and TA analysis Is Complete Bullsh!t, Charts can be used to keep bird droppings off the floor and graphs tell you what happend But have absoulutely nothing to do with what will happen... Peopel are taught to read charts the same way and as a result many people react at the samew time sto the same set of circumstances..But then comes along a huge force that isnt expected and it levels you to the ground.. The only way to make money every day in the mkt is to do proper Due diligence and know the facts behind a compnay ..and forget the hype... ------------ Cautionary tale: media guru wiped out So much for technical analysis, eh? ============= The Chartman Suffers Enormous Trading Losses By Gary B. Smith Special to TheStreet.com 4/1/00 12:25 AM ET Editor's Note: In lieu of the Technical Forum today, please read this brief message. Dear Readers, I never thought it would come to this. Honestly. But, due to the heavy losses I've sustained the past few days, I find I am physically and emotionally unable to continue writing my various columns. In the spirit of full disclosure, I will confess I was guilty of everything I told you readers not to do. I thought I was a better trader than I was. I got way overextended, using margin to its full extent. And I thought I could ride some of my losses down, in the hope they would rebound and put me back in the black. However, with the Nasdaq tanking this past Thursday, I was wiped out. Unable to meet my margin calls, my account has been liquidated, and I fear I will have to file for personal bankruptcy. I am sorry, loyal readers, if I have disappointed you. May your luck be better than mine! Regards, Gary B. Smith ------------------- Gary B. Smith is a freelance writer who trades for his own account from his Maryland home using technical analysis. Smith writes five technical analysis columns for TheStreet.com each week, including Technician's Take, Charted Territory and TSC Technical Forum.