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To: mister topes who wrote (1921)10/28/1997 11:57:00 PM
From: sea_biscuit  Respond to of 42834
 
RE: If Elaine is so smart, why did she tell the world to sellout
the U.S. stock market at Dow 5400 in July of 1996 and then
stay out of the market until early in 1997 when the Dow
had soared straight up 1600 points to near the 7000 level.

This advice is much worse than wrong. This advice is a
disaster for any poor investor who happened to follow the
Princess of Wink.


A friend of mine tells me that he got a "complimentary" copy of her Her Ladyship's newsletter in July 1996, with the screaming headlines, "SELL EVERYTHING NOW!!!!". He threw it along with his junk mail. And therefore, he had no use for another "complimentary" edition from Her Ladyship (about 6 months later and 1500 Dow points higher), this one with the screaming headlines, "NO! WAIT! BUY EVERYTHING NOW!!!!", or something to that effect!

"Princess of Wink"... that sounds appropriate! As for the pigs who followed her "advice" and got slaughtered, they shall henceforth be known as the "Princes of Oink" :-)

Dipy.



To: mister topes who wrote (1921)10/29/1997 9:04:00 AM
From: Moe  Read Replies (1) | Respond to of 42834
 
>>This advice is much worse than wrong. This advice is a
disaster for any poor investor who happened to follow the
Princess of Wink.

She should consider paying her customers to listen to her
advice instead of the other way around.<<

She hurt a lot more people than her customers. In the summer of 1996, she repeatedly did massive mailings of an advertisement for her newsletter. The ad began with large, bold headlines exclaiming, "Sell All U.S. Stocks and Mutual Funds Now!" It was hard to believe that a famous guru with such a great reputation would repeatedly make such a bold prediction if it contained no truth.

She was recently asked, on a local talk show, about the people who were hurt by her advice. She said the people were not hurt because she did not tell them to short the market.