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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: gold$10k who wrote (131203)9/19/2008 7:05:56 AM
From: Rollocaster1 Recommendation  Respond to of 313481
 
"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."

"The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor."

Excerpts from Jesse Livermore, How To Trade In Stocks

In the Squibb building at 745 Fifth Avenue, at the age of 63, Livermore entered the Sherry-Netherland Hotel on November 28, 1940, at 4:30 in the afternoon. Sitting on a stool at the end of the cloakroom, he withdrew a .32-caliber Colt automatic pistol (he had bought the gun in 1928 while he was living in Evermore), placed the barrel of the gun behind his right ear and pulled the trigger, dying instantly. It was never disclosed to anyone what happened to the great fortune he had made in the crash of 1929, but he had lost it all... He left a widower whose four previous husbands had also committed suicide!

On the same subject...

"There is a fine line between geniuses and eccentrics. If you are a little ahead you are an eccentric, and if you are a little late you are a failure, but if you hit right you are a genius." Thomas J. Watson founder of IBM.



To: gold$10k who wrote (131203)9/19/2008 7:08:45 AM
From: rubbersoul  Read Replies (1) | Respond to of 313481
 
Thanks, VT.

Oil up above $100 and silver up. I see gold dipped into the 820s and has recovered somewhat.