To: Mark Konrad who wrote (46976 ) 2/7/2001 10:19:27 PM From: American Spirit Read Replies (3) | Respond to CNN Headlines news, watch Dollars and Sense for Tokyo Joe report. He was busted by the SEC but they could only hang an un-licenced advisor bust on him. He's being forced to give back $750,000 in trading gains but can keep more than a milion in subscription fees. Guy was a pump+dump artist and we all knew he was a scammer. I never bought a thing he hyped though I almost fell for it. So everyone has opinions, bull or bear, but keep putting your IMHO and do your own DD on all opinions and also admit that nobody really knows anything and we can all be wrong any time. If you're making profits soncider it a short-term blessing. If you're losing re-evulate but don't forget things can turn around on a dime, at least short-term. And if you can't stand the heat and risk get out of the kitchen and stay in treasury bonds. Oh, and always take guru's and experts with a grain of salt. Not to mention hypsters and bashers. No exaggeration is 100% true and if we're right 55% of the time we're geniuses. LOL. Right now no one knows what the market is going to do, let's face it. Could go up or down. Only thing we know is that the US is the heart of the world economy and that there are forces at the fed, white house and Wall Street whose job it is to keep us from plunging into chaos. So much damage has been done. But there is also a fair amount of stability. That guy Hickey is calling for doom and gloom but he may be totally wrong as well. Most of here are buying value. Buying sharp dips. Selling sharp pops. Everything inbetween is nebulous. Sometimes I sell out of fear and the next day the stock pops. Sometimes I buy out of greed and the next day the stock drops. Sometimes I get it perfect. All I know now is we're all waiting for a signal. A perceived low. A rate cut. A rally. Whatever that signal is. The problem is all stock values are really just perception. I own several selling at 50% book value. I own a leader selling off 65% from its high that some say is going lower. I own one off 98% which might quadruple or just sit there. Who the hell knows. I for one want eevryone to know I do not give investment advice. I get plenty of private messages asking for it. I usually give them a big grain of salt. If I knew I wouldn't be watching by budget right now. And if Softechie knew or anyone else they'd be setting up high-rises on Wall Street and playing Gordon Gecko. We're all just players in a casino and like gamblers everywhere we know there are god days and bad. The key is to quit winners. And if you get back in, make it at the right time. Everything is about timing, entries and exits. BVut you already know that dont you?
