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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Kapusta Kid who wrote (23912)	10/24/1997 11:40:00 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Pete, I don't own the Thai Fund due to the premium. I am waiting for the Thai Web to be listed. There is no surprise in what you see in the charts. As a contrarian, I take technicians charts and turn their analysis upside down to find bargains. Technicians like stocks that have already gone up and are probably fairly if not over priced. I prefer to buy those that are about to go up and are dirt cheap. They buy coffee when there is a shortage, I wait for the inevitable supply that kills the price. Different attitudes about investing. Different results, too, which is why no major money manager is a technician. But, at least they have the comfort of running with the herd. -g- MB

To: Kapusta Kid who wrote (23912)	10/24/1997 11:30:00 PM
From: Mike McFarland	Read Replies (2) \| Respond to of 132070

I have about twenty stocks or CEF's that I follow, so your posts which mentioned FPF (that's First Philippine Fund everybody) caught my eye. I started a thread (Generation X saving and investing) and posted that the Philippines and Pakistan were my two long term investments--but now I find myself out of both (for fear on PKF and FPF reached my limit down (I tell myself 20% is my trigger, but I actually ended up sustaining damage to the tune of 25%). Here is my question, and it can certainly apply to trading tech stocks (I dont want to seem to out of place with this on SI): --Maybe I should have doubled down? I mean if you say you're going to really hold something long term, why is doubling down such a bad thing (I suspect the answer is because 1. you occasionally run out of money, or,2. you may be wrong forever).Thoughts? By the way, my only two US stocks now are ASPT, Aspect and OREM, Oregon Metalurgical. Nobody should buy these without doing there own research however, I have no skill at trading yet.