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To: Larry S. who wrote (48328)	5/29/2003 1:07:10 PM
From: BWAC	Read Replies (1) \| Respond to of 53068

FWC. Doesn't it have other problems than asbestos too? I would prefer SGR for an investment. Or would have at $10 and under a few weeks ago.

To: Larry S. who wrote (48328)	5/29/2003 3:28:12 PM
From: chowder	Respond to of 53068

Larry, Investors Business Daily has a weekly feature where they show you a chart and you are supposed to determine if it's a buy or sell, based on what you see on the chart. They don't tell you the name of the company. You don't know what sector the company is in. All you have to go on is that chart. I followed this IBD feature for about a year, and in that time, I was wrong only a handful of times. I learned two valuable lessons from the exercise. 1. I learned that by knowing the name of the company, which was divulged the following week, there were many times I wouldn't have made the correct decision. Knowing the name of the company and the business it was in would have provided me with a "bias." This bias would have led to me making the wrong call. 2. The second valuable lesson I learned was that by being patient and waiting for the type of chart patterns to set up, based on what I knew provided "high probability" trades, I could improve my chances at success dramatically. Too often people force the technicals on a stock they want. I let the technicals come to me. I miss a lot of opportunities but, if I'm going to make a mistake, I want it to be missing an opportunity as opposed to making a mistake that costs me capital. Another opportunity will come along but, it won't mean anything if I don't have the capital to play. I just thought I'd share my perspective so people would know where I was coming from when I provide analysis on a stock. Best regards, dabum