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Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?

To: HeyRainier who wrote (1063)	6/5/1998 8:05:00 AM
From: Wink	Respond to of 1720

Rainier, While I didn't quite follow all that was going on, if I were you I wouldn't worry about what one individual says about you or anything else for that matter. Ignore this "attack?" and keep up the good work that you so willingly share with all of us. This too will pass. Lurking and learning at 41!!! (Wisdom nor knowledge knows no age, IMHO) ;>)

To: HeyRainier who wrote (1063)	6/5/1998 8:23:00 AM
From: Henry Volquardsen	Respond to of 1720

Rainier, I don't often post on the same threads as you so you won't be familiar with my name. There are plenty of people on SI who post for all sorts of wierd motivations and some are out just to pick fights. They are not worth bothering about. I don't counsel ignoring them but simply stating your opinions, countering the charges unemotionally and then moving on. There is no point getting into a pissing match with a skunk. FWIW I have found your analysis very interesting and you are one of the few individuals I have bookmarked. Henry

To: HeyRainier who wrote (1063)	6/5/1998 8:40:00 AM
From: Susan Saline	Respond to of 1720

Rainier You're posts on stocks are based on analitical facts and charting. Why not just ignore the "hype" posters. maybe his feelings were hurt and he felt he must attack back at you. You waste your valuable time, with bothering to respond to them. Ignore them....SI is full of them and not worth the time. IGNORING works wonders sue

To: HeyRainier who wrote (1063)	6/5/1998 9:27:00 AM
From: Scott H. Davis	Respond to of 1720

[response to SI contoversy] I could spend the next hour responding, but I can't since I'm at work now. So here's a couple responses 1. <"He fully understands that the technical profile of a chart takes the whole of the supply/demand dynamic of the entire participating investor base of any stock into account which reflects that community's consensus of the viability of the fundamentals"> Comes across as an expression of sub-optimization. Value Investors can pick their fact cases, "MO players" theirs, TA their success stories. I have started doing a lot better since I started trying to apply insight from multiple perspectives. And I've seen posters refuse to consider other investment insights other than the one they are comfortable with, and make some bad mistakes. Secondly, a lot of people can get sucked into a trend that feeds on itself - short or intermediate term. But if the fundimentals (balance sheet, business case, or integrity) is not there, the long term appreciation won't be. And often a company can have supurb fundimentals and be trashed by a market unjustly, and sometimes if you have done thorough DD you know a substantial reversal is imminent, despite what FA is saying today. 2. In regards to ACRT, I saw a reference to Doug's endoursement, considered it, looked at the FA and thought it was still a little overpriced, finally saw the release from the brokerage that did some investigation into ACRT and decided not to touch it. biz.yahoo.com biz.yahoo.com 3. Finally, in regards to Rainier. Yes, he's young - AND far more motivated and studious than almost any other investor I know. Look at his reading list, and his demonstrated willingness to re-assess his techniques and approaches, searching for what works, rather than relying on what he's familiar with. I first ran across Rainier on the Equinox thread. After seeing several of his posts, I looked at his profile and could not believe his age (which when u consider most femaly gymnasts are has-beens by 18, I guess he's not so young afterall) His post about ACRT and Doug probably causes a personal hurt. Probably should have been more sensitive. But don't almost all of us have at least 5 such posts? At 43, I'm finally learning that my up front writing style has probably hurt my career for years - you can be absolutely right and still be innefective. So we all can improve. I wish I could take back a couple comments on the UNRG and TRIBY thread. We've also discussed the ethical implications of situations in provate messages. And after a year of exchanges with Rainier, I have no problem with his ethics. Scott H. Davis To Rainier: I don't see any material offense that should cause youto leave SI. Please stay. This will pass - perhaps you can achieve at least a partial reconciliation with Doug R. If you try and he won't, then its his problem. Scott

To: HeyRainier who wrote (1063)	6/5/1998 9:51:00 AM
From: Duke	Read Replies (1) \| Respond to of 1720

Rainer -- I've been a long-time follower of Doug R.'s threads, and his overall record is excellent, and his spirit of helpfulness and generosity is generally among the best I've seen on SI. I've recently started following your posts, and am most impressed with your analysis, comments, enthusiasm for learning, etc. -- even if they differ from other respected posters. You two do have different styles of investing. I think this has gotten blown out of proportion, and I hope you continue your generous posting on SI, as I am sure Doug continues to post his excellent comments as well. He has put up with a lot of abuse from the ACRT threaders, which you may not be aware of and which may not matter anyway to you. While you have this disagreement, I wouldn't put you in the same category as pink and company, and I think Doug stopped short of that as well. And I agree strongly with Doug that his thread should ignore those people, some of whom go way out of their way to try to embarras Doug - it is disgusting. Anyway, while this whole thing is unfortunate, those of us who are learning from you, Doug, Ray, Scott, etc. etc. on SI are fortunate to have the opportunity to do so, including getting opinions from differing perspectives on stocks -- which was not really my intent in bringing ACRT to you, but rather to make a contribution based on your request for suggestions. Enough rambling, Duke

To: HeyRainier who wrote (1063)	6/5/1998 2:00:00 PM
From: Doug R	Read Replies (1) \| Respond to of 1720

Rainier, I apologize if you have taken offense to my post concerning your post about me. I did not mean to offend you as I am sure you did not intend to offend me. Here are some interesting #'s on ACRT: ACTRADE AND LONDON FORFAITING (R) sschreib__97 (54/M/Mo) Jun 5 1998 6:49AM EDT We can look at a comparable company in the same business in international trade. London Forfaiting is a public company trading on the London stock excahnge, which is engaged in international trade. They deal in all aspects of international trade and finance transactions through bills of exchange, another name for trade acceptances. They do not have electronic settlement, so their cost structure is higher than Actrade Capital's. We used $1.61 = 1 British pound for comparative purposes. ..................................Actrade.........London Forfait. Total Revs fy 97..................$43.5 mil.......$3.7 Bill...... Total Revs fy 96..................$23.8 mil.......$3.0 Bill...... revenue growth rate................83%..............23%.......... net profit margin..................4.4%.............1.7%......... earnings growth rate...............151%.............11%.......... Trade Acceptance Rev...............$21.7 mil........$2.7bil...... Trade Acceptance Growth rate.......171%.............40%.......... DEBT...............................0................$1.0 billion. Debt to Equity ratio...............0................2.66 to 1.... return on equity...................38.9%............20.5%........ Obviously London Forfaiting is much larger than Actrade. This gives some idea of how big Actrade can get and how long it can keep on growing. Remember London Forfaiting is only one trade financing companyout of many. It is a very big market. Actrade's challenge will be to manage its growth. In our comparison, Actrade has the obvious advantage of starting from a lower base in our growth comparison. However, they are performing exceedingly well. Look at the net margins. Actrade has 2 1/2 times London Forfaitings margins. Electronic settlement plays a real role in reducing the cost of collection. London Forfaiting is able to maintain a reasonable growth rate only by borrowing heavily. Actrade has no debt. They have several lines of credit available, if they choose. However, because the TAD is a negotiable instrument, they can collect TAD's in $5 million tranches, vend them to a third party at LIBOR plus 2% and invest the proceeds at LIBOR until the next deal. That gives them a marginal cost of funds at 2% and allows them to grow as fast as they can educate the public and do the deals." ACTRADE AND LONDON FORFAITING (R) sschreib__97 (54/M/Mo) Jun 5 1998 6:49AM EDT Doug R

To: HeyRainier who wrote (1063)	6/5/1998 5:16:00 PM
From: Chris	Read Replies (1) \| Respond to of 1720

hi rainier, i,myself, have been under personal attacks as well. but i encourage you to stay strong and hold your ground. leaving SI will only give them the victory.. keep your head up and stay. Regards, Chris Chang

To: HeyRainier who wrote (1063)	6/5/1998 7:42:00 PM
From: First Last	Respond to of 1720

Rainier Trinidad: I have learned a lot from you and other SI investors. Please do not quit! Fan

To: HeyRainier who wrote (1063)	6/6/1998 10:55:00 AM
From: majormember	Read Replies (1) \| Respond to of 1720

Rainier, You have my complete support for the absolute integrity you have shown, as well as the incredible FA/TA skills you possess. I'd like to share my personal experience as well. When I first came to S.I., Doug R's 56/TA thread was one of the most predominant. They had a "Stock of the Week" pick for a while. Well, as a complete newbie reading all that great TA, I thought for sure, "these guys are so smart, I'll do well following their picks." That thinking came close to financially devastating me (and I know many others, who have quietly gone by the wayside). And yes, I do take full responsibility for my buying decisions. Let me list the casualties, as they were literally 90% of ALL the weekly picks AFTER they were posted. These stocks literally tanked after they were posted. There are more, but I'd rather not go through all my old losing trades... 1. VVID 2. TRIBY 3. CHAT 4. RLLY 5. QUST 6. SEEQ I'm not trying to slam anyone here. I ask you to stay because you have helped make many peoples lives better, and in this age of "idiot postor's" you provide the calm in the storm. Knowing you will make the right decision... Respectfully, Skane