Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (25301)	10/14/1998 10:05:00 PM
From: 16yearcycle	Read Replies (3) \| Respond to of 70976

"1. Based on the last 5 trading days, you picked an excellent buy-in point. If your intent was to trade, you should take profits now, and I congratulate you. If your intent was to invest, it's too early to declare victory." Intent: Attack at inflection point. Take profits at point of loss of momentum. If we are dealing with a great, non-cyclical company, and we got it very cheap, NEVER sell. "2. lots of very smart people, including a couple of Nobel Prize winners in economics, have recently lost their shirts (and pants, and socks) through overleverage. Are you smarter than they are?" Not only am I smarter, everyone here is smarter. Do you read the papers? Do you have any idea how much leverage they used? They weren't smart, they were insane. I am poised to sell all margin on a moments notice. Does that satisfy you? When is margin appropriate if not after a 36% index drop? I didn't start doing this 3 years ago. 4. You have changed your mind about my being brain dead buying NVLS and now I am brain dead for margining at nas 1350. Jacob, you simply think I am brain dead unless I agree with you. My goal is to make money whether anyone agrees with me or not, but I sincerely don't appreciate being called brain dead. "Do you think that they called the bottom for the semi-equip cycle at the nvls cc? What makes you think the last few days gains won't be given back, just as quickly?" NO, and YES, I think that substantial gains will be given back, if and when the market cools off. I will probably be out first thing in the a.m. unless there is a rally. If it collapses overnight, well, hopefully I won't lose more than 25% of the gain

To: Jacob Snyder who wrote (25301)	10/15/1998 10:32:00 AM
From: Berk	Read Replies (1) \| Respond to of 70976

Jacob, regarding point 2): they didn't get the Nobel prize for market trading, though! A really great book that touches on that subject is Market Wizards by Schwager. It references Commodities Corp. which was set up to employ Phd's to trade the market since their credentials in economics, etc.should give them the edge to succeed. Paul Samuelson and others of similar repute were on the board of CC as well as the screening committee to choose traders. The result? Nearly went out of business until they hired an experienced commodities trader.