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To: Mang Cheng who wrote (1876)	9/24/2000 11:37:28 PM
From: mr.mark	Respond to of 6784

* OT * here is an excerpt from a recent Rick Ackerman article... "If so, here are some tips to avoid getting fleeced. They come from long experience in the trading pits and from close observation of certain patterns that keep repeating themselves amid the current tedium. My short list: Visualize the competition. If you would not sit down at a poker table with a bunch of guys who smoke cheroots and wear $2,000 lizard-skin boots, then pick another game. Forget everything you may have learned on CNBC about what causes stocks to move up and down because it's not "fundamentals" that drive them. In fact, shares usually fluctuate at the pleasure and discretion of institutional heavies whose skill at manipulating the fear and greed of others would make Machiavelli weep for the little guys. Trade against the trend whenever possible. That is the most effective way I have found to limit risk to pennies on the dollar. There is a saying that "the trend is your friend," but for short-term traders, the opposite often holds true: The trend can be viciously erratic and harshly punitive for those who seek comfort in traveling with the herd. If it were otherwise, millions of speculators would fearlessly jump on "obvious" rallies or declines and ride them for big, easy gains."