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To: Sarmad Y. Hermiz who wrote (109812)10/7/2000 6:17:41 PM
From: Bill Harmond  Respond to of 164684
 
>>You happened to gamble on absurd stocks and somehow it worked out in your favor entirely because of accidental timing

Not true, Sarmad. Most thinking people don't make most of their money in the market by accident. Accidents cause far more losses.



To: Sarmad Y. Hermiz who wrote (109812)10/7/2000 6:29:44 PM
From: Robert Rose  Read Replies (1) | Respond to of 164684
 
Sarmad, interesting post. I do believe the most successful investors/traders are highly flexible. I would consider myself modestly flexible at best. I don't short, I don't play options, so I am confined to doing well in the market when the market is doing well, and staying the hell out of it otherwise! (;))

But yes, I do feel fortunate to have recognized the new economy market for what it was from early '98 to early '00, and to still have something to show for it. ;)

Of course I gave back a lot later this year. But am thankful to be still above water. Which is why I think portfolio management is so important. But heck, no one wants to hear about that! <vbg>

Regards, Rob