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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (5398)11/13/2001 10:05:30 PM
From: Estimated Prophet  Read Replies (2) | Respond to of 99280
 
I don't mean to answer for Larry but I have followed his posts for more than 4 years and I can tell you that he is not very proficient at squeezing the last few points out of an uptrend or calling a bottom. Trend following misses big profits that might be gotten by lucky guessers, but it minimizes risk and produces smaller profits that are based on the trend and not the changes in direction. The trend is the friend of Larry's type of trader, not the predictions of bottoms and tops. JMHO.



To: mishedlo who wrote (5398)11/13/2001 10:41:20 PM
From: Zeev Hed  Read Replies (1) | Respond to of 99280
 
HAL gave a Naz buy Signal on th close on Sep 28, you could have entered long on the open Monday (1491 or so and the high that day, thus actually buying well under that price) and made good money, but you were playing options instead. HAL got doubles or better in the Q by buying that Monday and staying put. Not too shabby, IMTO. Even if he sold JNPR at $19 and bought it back at $23, he still has a double bagger in his pocket.

Zeev