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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: Clappy who wrote (11070)	4/5/2000 8:19:00 AM
From: Voltaire	Read Replies (8) \| Respond to of 35685

Morning gang, beautiful day even though there is a little frost on the wisteria. I realize the futures look pretty bad and they should because like I said last night much to the chagrin of many, there will be one more good buying opportunity orchestrated by the Houses and things will stabilize for the next capsule, the run to earnings. The Houses will not ruin their RUN TO EARNINGS PARTY. There are two things that will exacerbate the NAZ over the next few days and one is the fact that MSFT could very well continue to decline and the CRAP internet stocks that are NOT in House's portfolio will also. This exacerbation of the NAZ index of stocks allows for great bargains in the good tech stocks and that is what will happen at least this morning. Remember, this is Wed. and laugh if you wish but this is a powerful part of the Time Capsule and things should begin to turn ON THE BETTER TECH STOCKS, at least by the afternoon and Thursday and Friday should be rebound days. Hope everyone made a copy of the lows on all your stocks yesterday because that will serve you in good stead as to THE FEAR PRICES of those issues. Just remember - THE HOUSES HAVE MORE TO LOSE THAN YOU DO in terms of value and they are always there to rescue the markets, that is one reason you will hear upgrade after upgrade of their favorite stocks, that is the one variable the bears and shorts fail to understand in a bull market. In a bear market the House's would simply short their inventory and the reverse would be true. I still say, the only two things you really need to understand in the markets especially in times of turmoil are the AGENDAS of the FED and the Houses. The agenda for the Houses today going into the earnings period will be grab the last vestiges of value today then stabilize for the foreseeable future. Have a great day, V

To: Clappy who wrote (11070)	4/5/2000 9:41:00 AM
From: Jim Willie CB	Respond to of 35685

BlackRoomwithoutCurtains, buy these dips <eom>

To: Clappy who wrote (11070)	4/5/2000 3:53:00 PM
From: lurqer	Read Replies (4) \| Respond to of 35685

Hi Clappy, Yesterday was more than a little busy and I've only now read yesterday's (and today's) posts. I would like to add my condolences to the many "heart felt" posts you've already received. Experience can be a harsh instructor. Few if any achieve market success without some "battle scars". In the hope that you (and maybe some others) may profit from a perspective that has worked for me, I'll offer the following Message 12137394 Given the "framework" presented in that post, there are a couple of comments I'd like to make. One is a lot of the problems I see when cruzin' around SI is a failure to separate trading from investing. As you see I put them into different categories and follow completely different rules when attempting to do one or the other. John recommended the book amazon.com If you are going to trade, don't read this book. Absorb it. Use the companion book amazon.com Before I started trading I read the book and then I reread the book. I read the study guide and took the included test. I then reread the book paying particular attention to the parts that the study guide indicated I needed to work on. I then went back again to the study guide reading/testing. And back to the book. I can be a slow learner. I did not stop until I could not only answer each question in the study guide but thoroughly understood each answer. In the end there were three questions that I disagreed with the author about, but I could (and did) write a full page explaining in detail the reasons I disagreed. I mention all of this in an attempt to explain what I mean by absorb. For the investing arena I strongly recommend amazon.com Referred to as "The Manual" on the G & K thread this is also a book that should be absorbed - i.e. read, reread and studied. Unfortunately there isn't a study guide for this book but there is the great G & K thread that serves that purpose and more. Both of these books have a theoretical underpinnings section and a practical application section. In both cases it's the theoretical section that is the best. I believe that's because there is no universal practical approach that works for everyone. People are just too different and how to best implement the theory is personally idiosyncratic. For example if one were to blindly implement the trading tactics Elder presents, there is a good chance of going broke. The point is to understand what Elder (or Moore) present and then tailor it to your needs. I have no way of knowing what will work for you. I've presented this because it was invaluable to me and in the hope it will be of some assistance to you. In any event I'm sure you will eventually achieve your goals. All the best to you and your family. No longer lurking... lurqer