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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: advocatedevil who wrote (57664)	12/18/2001 1:04:54 AM
From: Sam Citron	Respond to of 70976

It's like watching a little boy by the seashore playing with the waves, taunting them. "They can't catch me." Indeed he has magical dexterity. He is the master of the tides... Gottfried showed me in his tidebook that there is more than just one relative high tide and low tide point in a day, but there are actually at least two. For all I know, there could be many more... I used to know a scalper long ago on the floor of the Sugar and Coffee Exchange in NY who was also quite adept at this. He was Cuban and smoked fine cigars and wore lovely ties. He was also very generous and frequently took us out to dinner. I never really understood how he did it, but he did, day in and day out. I was a clerk, a runner. I was 19. And I admired this man who made his living this way. Nobody was his boss, not even the market... You must know that you could make more money on the long side right now, AD, but this isn't about money. It's about enjoying yourself and testing your powers to find those inflection points. And showing that whatever the world throws at you, you can survive and thrive, even if it means swimming upstream. Trading is a lonely business and it is comforting for me to watch other fishermen casting their nets in such different ways. But you are there every day. There's something rhythmical about it, watching you cast your nets and pull them in suddenly and count the little silver fishies. I sometimes find myself watching your trades in realtime with the tick data streaming in and scratching my head. How does he keep from getting washed away by the tide? How does he know when it is going to crest? I wish you could answer this last question. But I know it's just instinct now. Like basketball. Some people just have the knack, the grace, the gift. It's effortless. It's just what they do.