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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TraderXx who wrote (34506)	4/20/2002 10:58:24 AM
From: Susan G	Read Replies (3) \| Respond to of 52237

Regardless of Schaeffer's recent record, I think what he, and many others on SI pointed out is true. Many comments out there this week about the total absurdity of those upgrades. It was obvious manipulation to save someone's butt on expiration day, and surprised many pros who were sure the market was going to take a hit. Then one idiot put's out a complete BS call at 5 am - before everyone is even awake, to cover whoever's butt needed the covering. Obviously Merrill <g> But I'm glad to see the financial press and newsletter writers have picked up on this so the truth about the corruption still going on is known to many more. Not that anything will be done about it. But until people ignore these absurd calls, and don't buy into them in response, nothing will change. cbs.marketwatch.com Message 17355753 The nasdaq would have broken support yesterday and been in big trouble if the futures opened where they were about 1 am...It makes me wonder if the guy got a late night call from Peter Fisher (I think that's the guys name, the head of the PPT <g>). "Yea, we're using you guys for this absurd penguin call, after all you already toasted your reputation this week so what the hell" <G> And with that, the nasdaq was again saved from the brink of the cliff, totally putting off the inevitable... The options holders were totally screwed and it's obvious, even after all the publicity about the corruption of Wall Street Analysts, nothing is going to change. note: I had no position in MSFT at all, and was stopped out of my futures short right after the early am call. Too bad I didn't believe it enough to go long at 6 am, I was in complete disbelief and just reshorted the futures at the open. <g> I guess I'm becoming more cynical by the day <gggg>

To: TraderXx who wrote (34506)	4/20/2002 3:29:15 PM
From: High Country Trader	Respond to of 52237

Schaeffer wrong the past couple months???? How about his long term record as monitored by Hulbert Investment Survey? Through the end of 2001 here it is: His Long Term Options Portfolio has lost at an annualized -14.6% for the past 15 years. His aggressive Portfolio has lost at an annualized -7.5% over the same 15 years. That compares to a boring and passive buy and hold return in the S&P over the same time frame of a positive +13.7%. Mr. Schaeffer's results are among the worst in the universe of the gurus as followed by Hulbert. It never ceases to amaze me why anyone except for the rankest of rookies would ever listen to a guru. Successful trading is very much about independent thinking and marching to your own beat, not the beat of someone who earns their livlihood from selling subscriptions.