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To: stockman_scott who wrote (169525)5/5/2002 1:48:52 PM
From: OLDTRADER  Respond to of 176387
 
Thanks:I agree with Mr Farrell-You have to spend the time to be aboard the ship-this was and still is the job of the broker-that is why you pay them-"the jpb is close to impiossible"--but a broker who trys and thinks of himself as a professional -not an oprder taker or mutual fund salesman-at certain special times can make you millions..Over the last 20 years the big inside joke is to make people believe they could be their own broker..............played well on the young egos.



To: stockman_scott who wrote (169525)5/5/2002 10:40:30 PM
From: John Koligman  Read Replies (1) | Respond to of 176387
 
Re: 'It's a traders market'.. Typical, these guys discover this now, about two years too late and with the NAZ down 70% or so. I guess I'll stop trading now and just go long <ggg>...

Best regards,
John

PS - Based on the long term performance of the market, I don't think B & H is outdated, it's just that the strategy occasionally takes a 10-15 year break <ggg>. Of course, that applies more to traditional DOW type stocks. In tech, most fallen angels never come back to their former glory...