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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (9114)	10/21/1998 11:35:00 AM
From: yard_man	Read Replies (1) \| Respond to of 86076

biz.yahoo.com

To: MythMan who wrote (9114)	10/21/1998 12:08:00 PM
From: Cynic 2005	Read Replies (3) \| Respond to of 86076

MythMan, this time you did catch me in a bad mood. The last thing I want to do is sell myself short by bragging. I know for sure that some of my calls sucked. But I can confidently say that perhaps my record is better than 75%. If I know the future, I wouldn't be working. And you know that! Also, unlike you, I don't chance my opinion each time the tick goes against my conviction. Sure, I question my convictions to stay objective. Earlier this year I said the market is going higher, changing my bearish tone. I even played some MOMO stocks. When you are singing your usual "BK is a myth" song, I was calling for a sharp correctin in late May (recall my PM to you) which actually didn't happen till 2nd week of June. But according to you I am wrong. Again, in July or early August I said in about 4 weeks there will be sharp correction. Sure enough, it did - more than 1500 points. Unlike the perma bulls, converted bears, don't fight the Feds gang, I don't think the market is going higher. Here is my logic. It comes down to emotions. Almost everybody should be thinking that the worst is over. It qualifies. As with supply and demand, a bunch of yahoos were eliminated. Now there is a second bunch of yahoos. These guys are smarter than the first. They spot the trends. They are agile, they are quick. Recently they too took a beating but because of their experience, they survived. I don't think they are making a great deal of money. Now, it is their turn. Mother market WILL get them. As with PPT. I know it is the wild card. It can only work for some time. And it did for a week. I don't expect it to last longer. I can explain my logic more. But what is the use? -MMV