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To: DanZ who wrote (43076)	8/18/2002 10:57:24 AM
From: Joe Stocks	Respond to of 53068

Dan, I would say from the defensive nature of post about that article that you may be the one that is blind or at best near-sighted. I would be interested in what you read in the referenced article that you disagree with. If the author is right and is followed then it means that both are right just as well as they could be wrong. We can all look at the same numbers and events and walk away with different opinions but I find it interesting how others interpret current conditions. This it what helps me form my own opinion. I think if one doesn't "look outside the box" to form their opinion they are limiting their chances of successful trades. You said that you do consider what other people say but do not follow them blindly. I doubt that many do. I post much commentary that i agree with. Just because I agree with this author or that author completely doesn't necessarily me that I am blind. Nor if I persuaded to his viewpoint do I see a problem with following his advice completely. Who is the true person that is "blind". The person who agrees and makes trading decisions based on that advice, or, one that agrees or can not find fault with the author's conclusions but chooses to base their decisions on personal opinion that is not supported by fact? >> am just commenting on how other people's opinions affect my trading.<<< I regards to a earlier post I made- If market action reflects other peoples opinions, why fight it? Do you want to be right or do you want to make money? A mistake I make much too often is trading a stock because I think I am right. I bought ILA at 5.00. With covered calls premiums I sold and lost over 10% of my money. If you look at the chart you can see what "others" opinions were by the way the stock traded. I still think I am right about ILA and bought it back Friday and some Thursday. My trading account has strong evidence that I was wrong so far. So far I have been "blind-sided" by my own opinion. Wish I would have "blindly" followed the advice of a fellow trader months ago that told me these IPP's were trouble. What happens now? Eventually I will probably be right. I little poorer but but since a victory is so dear to my heart my eventual win will mean more than all those loses. My behavior will be reinforced for the short term and I will go on to make the same mistakes on the next big trade with potential so bright, I will not be "blinded" by the opinions of others. Joe

To: DanZ who wrote (43076)	8/19/2002 8:49:16 AM
From: Ron McKinnon	Respond to of 53068

now don't take this the wrong way ggggggg "You know, sometimes, when they say you're ahead of your time, it's just a polite way of saying you have a real bad sense of timing." -- George McGovern

To: DanZ who wrote (43076)	8/19/2002 10:58:37 AM
From: Ron McKinnon	Read Replies (2) \| Respond to of 53068

fwiw Reliant Resources (RRI) 3.48 +0.17: Salomon Smth Brny downgrades to UNDERPERFORM from Neutral; lowers price target to $2 from $5 due to near-term refinancing risk concerns and co's exposure to declining power prices and spark spreads; lowers Y03 EPS to $1.50 from $1.60; continues to view RRI's financing needs as challenging given over $5 bln of debt maturing between now and Y03 vs. current liquidity of approximately $1.2 bln. Despite cautious note, shares are trading 5.1% up.