To: TLWatson59 who wrote (25753 ) 12/11/1997 1:14:00 PM From: TLWatson59 Read Replies (4) | Respond to of 55532
Attention Shades: As a man of my word, I will no respond to your post #25746. Somehow I don't recall indebting myself to anyone of this thread with respect to sharing what I know about making money in Wall Street or in educating them as to how I arrive at my Technical Analysis results. Since you apparently joined the fray on this thread after my original purchase and sale and did not visit all of the earlier posts you could not have understood that the reference to my purchase and sale is in response to those, who for whatever their reasons feel that unless you have or have had a position in this stock you have no right to comment, unless of course it is a comment which agrees with their position. As to sharing information about other situations I may have analized or taken a position in, it would be appropriate for me to do that should I choose to do so where only my own personal investment were concerned or should the small group of other retired executives whose investment portfolios I manage would agree to having that information disclosed. I tell you the following in the hope that you will understand it is not personal hornblowing or agrandizement but just information that may help you understand where I come from. Apologies to those who are already aware of my background. In just two short months I hope to celebrate 49 years of association with Wall Street and the Brokerage Industry. I entered this profession as a wet behind the ears 18 year old who went to work for one of the prominent technical analysts of that time at one of the oldest brokerage firms in the business. No formal economic or college education until 1953 when I enrolled in the Bernard M. Baruch school of the City College of New York to major in Business and Finance. In 1959, I was asked to join the second oldeest member firm of the NY Stock Exchange as Senior Technical Research analyst. This came about as the result of their management seeing my writings in a Technical Reseach Letter sold by a fiend of mine. I contributed opinions on the "Stock Market" and on individual stock issues while his expertise was in trading commodities. After joining the new firm, I was accepted into the New Society of Security Analysts and subsequently became a "Charter" member of the Certified Financial Analysts association. Twenty two years later I retired from working for others, since financially I no longer needed to have a job. During those twenty two years I formed a personal Venture Capital Fund with participation from some of the firms partners and some of my clients. Out of 7 companies financed 5 eventually went public. Of the five 3 were acquired by other public companies. As a result of this venture, I became somewhat knowledgible in the area of "restricted stock", private financing and a host of other related areas. Subsequent to my retirement, I was approached by a number of my former clients who wanted someone to manage their portfolios. Since I was primarily responsible for what went into the portfolios before I left my firm they made me a rather lucrative offer which I accepted. The catch to this management program is in that it is different from the usual money management arrangements wherein the dollar value of the funds determine the fee. Here there is no management fee. The compensation is strictly based on a percentage of the net gains taken. Note not on the change in asset value but on whether or not your recommendations provided real tangible profits. In the light of this, I think you can see where there could be serious conflicts of interest should I share my investment suggestions with you or anyone else on the boards. There have been instances where individuals on this and other threads have e-mailed me and asked for my personal evaluation of a particular situation and I willingly gave them my opinion since there could be no conflict. But for you to have the ordacity to ask me to "tell me the gems that will go from .47 to 3 dollars in a few days now" is beyond comprehension. The other question you asked regarding IOM and DYANA is inane. If you really believe that there is or was any association between what happend to those stock and OVIS/RMIL is ludicrus. You flatter yourself to think that your comments about my contributions here, whatever their worth, could in any way influence me to leave or stay. My reason for leaving is that from my experience and training, rightly or wrongly (yes I can be and I have been wrong) I see RMIL as a complete fiasco and there would be no valid reason for me to comment on something that is frought with danger for an investor. Well meaning as the yeas have been, their argument is built on quicksand. Opinions that have been rendered by some here range from sheer nonsense to misconception contending with Louis Carols' "Into the Looking Glass" for incredulity. That is not in any way to defend many of the nay sayers whos ranting and raging to say nothing of disgusting personal attack and behavior certainly draws no credit on their person. To those of you who wish, you may e-mail me with your personal questions. If I feel I can offer worthwhile opinion to you I will. If not I will tell you. I neither seek nor wish to have my ego bolstered it puts nothing in my pocket and in truth that's why we are here. To achieve better financial success - at least that is my purpose in scanning these boards. Shades, as I wrote at the outset, I believe I am a man of my word and since you asked for it you received it like it or not. As with all my wishes to all the others on this thread my best wishes for success in all you choose to do. TLW