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Pastimes : James Cramer Skeptic Thread -- Ignore unavailable to you. Want to Upgrade?


To: taxikid who wrote (28)5/29/1998 10:16:00 AM
From: Mike McFarland  Read Replies (1) | Respond to of 1254
 
Oh I see taxikid--being a member of SI
has not done me any good. You probably
looked at my portfolio, and saw that I'm
down a few percent--that is what you
meant! Yes?

No, I think you are wrong. Silicon Investor has
been a very useful resource, and right or wrong
I attribute my success in the past several months
primarily to the information found on SI.

Before I got very involved with SI, I did very poorly
in my trades. My trading account only broke even. It was
pathetic! But this year my account has run from $15k to
around 70k (I have some cash in there, so if you look at
my portfolio you wont see that).

I would say the stocks in my basket now has an average
time in my account of about a month. Several were bought
in just the last week--MINE being the obvious stinker.

So, if that is what you meant, that SI has not done me
any good, I would say that I think it has. Of course,
I never buy anything I discover in the Journal these
days--so maybe that is actually the reason for my
change of luck.

It is also possible that in the terrific run up earlier
this spring, choosing beat up micro caps was the trick,
and throwing darts at these types of stocks would have
given me a great return too--that is my biggest fear.