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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (2670)	6/22/2001 3:27:56 AM
From: ~digs	Read Replies (1) \| Respond to of 6873

Wow, I've got a lot to say about the recent posts on this thread. I could probably address 5 or more people easily with regards to the comments they've made. But, i'm busy... and limited in the time that i can spend on what is mostly off topic matters. So, I will choose to post to the 'infamous' A@P. At least I know I'm guaranteed a response. <ggg> You sir, are embarrassing yourself. Any rational person would agree. I personally try to be a quiet individual here on SI. It's one of my goals so that I can stay focused on the task at hand... trading stocks. Deep down I'm extremely opinionated, but I came to the realization not long ago that convincing others of my stance on a particular issue is pretty much a waste of my time. What I began to discover was that I could make a lot more money by simply being a passive observer. Sometimes I might solicit an opinion about something... but that's mostly just so that I can get a better understanding of their viewpoint. I might change my mind about something based on what they said... maybe dig a little deeper too... or maybe not. Perhaps their opinion remains contrary to mine despite their evidence. I might even feel strongly enough about my view that I'll take a position opposite that of another trader. I have done that with Michail's picks and profited. I've also played a stock on the same side as Michail and profited. The bottom line is that thinking for yourself is absolutely crucial. What is not important is parading around trying to convince other people of your OPINION about something. Ultimately when there are disagreements about stocks, the market will exploit who was wrong, and who was right. The winner should sit back and count his or her money... and the loser should try and figure out what went wrong. Neither of these outcomes necessitates chest thumping or whining... both of which have been displayed in your numerous posts here this evening. Again, any rational person would agree. There is lots more to say but i think we can all agree that it would be nice if the thread could get back to focusing on STOCKS. There will be no further posts from me on this issue. Lastly, I will leave you a copy of this private message from me to Michail regarding the difficulties of subscription based trading communities: -------------------------- Monday, June 4, 2001 2:56 AM ET Michail... i'll most likely give your service a try... I should note however that i've tried this sort of web based trading initiative before and often there is too much 'noise.' Either the other participants are chatting about something other than the task at hand (friendly chit-chat sure, but we should be busy managing our money)... or... the lead person has ego problems... meaning the correctness of their calls become more important than their objectivity w/ respect to the market... aka they form a bias based on their picks. I'm the type of guy who doesn't even like to see stocks called a POS or otherwise spoken of in a derogatory way. These sort of things bring emotion into our trading which we know does not mix over the long term. The way i see it if you're shorting a stock its because the chart says so and/or you believe the company doesn't merit its current valuation. The mgmt of that company may well be scum bags... but they're just trying to make money like the rest of us. We might be in the position to make an educated decision regarding the probability of their success... but in no way do i short a stock because i'm somehow against the people behind it... i just think they got a poor business plan... PLUS the chart seems to indicate the timing is right. Anyhow this is just my long-winded way of saying that I want a community that is business orientated and stays on topic. There should be a strong emphasis on charting and objectivity is the ultimate key to the group's overall success rate. Sincerely, ~protege