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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tonto who wrote (473)	12/19/2006 7:25:15 AM
From: tonto	Respond to of 149317

Message 23113092

To: tonto who wrote (473)	12/19/2006 8:28:17 AM
From: ChinuSFO	Respond to of 149317

This is not a thread for personal attacks. YOu do not discuss a third person in your post, least so about what a person does on other threads.

To: tonto who wrote (473)	12/19/2006 12:03:12 PM
From: American Spirit	Read Replies (2) \| Respond to of 149317

Tonto, quit smearing me. Years ago I did trade stocks. Like all those who stayed long, I did very well until the market tanked. Then I lost, and got out. But I did not lose all my money. I made sure I never bet with money I needed to pay the bills. I have not traded stocks since, though I am currently sitting on a short position through BEARX which is up about 10% this year. My logic for being short is that the outrageous deficit spending of the Bush regime is unsustainable. So I expect the overall direction will be down. We can't keep spending like this as a nation for much longer. Still even there my goals are modest, about 15%-20% profit maybe. Looking back, I regret day-trading tremendously. It was a waste of time and energy, plus it became an addiction. But when I liquidated my biggest holdings were Apple, WHole Foods and Halliburton. All of them tripled or more since then. So I wasn't as stupid as you might think. I had a few turkeys too, of course, but I remember CNBC's top analyst telling us all that CMGI was the one stock we needed in every portfolio. It went from $200 down to $1. So at least I was smarter than he was. Day-trading is for experts only, and even then it's a crapshoot. My buddy who lost millions at it is an heir to the Wall Street Journal fortune and was getting high-level tips all the time. Even he ended up losing. Because he caught the same thing I did, a gambling addiction. When the market tanks, it takes everyone with it, insiders and geniuses included. All about market timing which is not a science, it's a pure gamble. In politics, I predict things much better. In fact, I have predicted every presidential race since I was a kid and predicted Carter would win before the first primary. I picked Clinton the same way, long before the first primary when I first saw on CSPAN. When I find out who's running for 2008 I will make another prediction, and for fun I might even put some money on it in Vegas. Why not? I'm better at picking presidents than stocks.