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To: DownSouth who wrote (7840)4/13/2001 6:09:51 PM
From: Uncle Frank  Read Replies (1) | Respond to of 10934
 
>> now we have to learn to take the optimism and pessimism out of our investing and use just conclusions from the facts. Is that possible?

As far as I can tell, no. The predisposition of a person towards optimism or pessimism will always have some influence on their investing decisions. At best, we can try to minimize it.

uf



To: DownSouth who wrote (7840)4/13/2001 6:21:01 PM
From: BirdDog  Read Replies (1) | Respond to of 10934
 
So now we have to learn to take the optimism and pessimism out of our investing and use just conclusions from the facts. Is that possible?

Yes...but not matter what, you're gonna take a hit. The obvious is:
One) Can't pay attention to facts right now. Pessimism is what has created this bear. It is riding mostly on pessimism. Nobody can show me evidence that companies don't have the money to spend on IT. But there is much evidence showing that their lack of spending is based on fears of the economy.
Two) Either way....you have to pay attention to optimism and pessimism. That is what makes the market go too far in each direction. You need to be able to project sentiment.
Four) I think our optimism is based on facts. That is why I am optimistic. And this bear hasn't faulted my optimistic opinion of the future. No matter how bad sentiment gets.
Five) Now where is that DAFS release?

BirdDog



To: DownSouth who wrote (7840)4/13/2001 7:39:49 PM
From: kas1  Respond to of 10934
 
So now we have to learn to take the optimism and pessimism out of our investing and use just conclusions from the facts.

Extremely well-said, as usual. Bill Huebl is an SI user (on the futures/options trading threads) whom I respect a lot; he always says that being a bull or a bear is the fastest way to lose money. Unfortunately, as of late, I've been seeing lots of bulls and bears on this thread. Yet it's always refreshing to see someone break out from being unthinkingly negative or unthinkingly positive about a stock (or about anything else!), and just look at facts. (Or at least try to look at facts, for those who think we can never check our biases at the door.)