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To: Simon Cardinale who wrote (8895)	11/10/1998 11:23:00 AM
From: Sun Tzu	Read Replies (2) \| Respond to of 16960

It's water under the bridge Simon. Sorry I misunderstood you. Regards, Sun Tzu

To: Simon Cardinale who wrote (8895)	11/10/1998 1:17:00 PM
From: Sun Tzu	Respond to of 16960

OT -- Last night I was reading a book on NLP (Neuro Linguistic Programming). They had a section on comunication and how it is a miracle that we can ever understand each other. They made several examples of how "that is not what I meant at all" answers came to be. It got me thinking about you and my response to your post. I'm glad that I misunderstood you and that you like my posts :) Sorry that I lost my cool, but in the book helped me understand why I reacted so strongly. Appearantly we preceive the world in 6 different layers. The layers (from out most one to the inner most one) are environment, behaviour, capability, belief, identity, and spirituality. We have an easier time accepting critisism to and changing the outer layers, but as you move closer to the core, we get more defensive and resilient (on the other hand a change in a lower layer will ripple through to the outer circles). I took your statement as an attack on my identity and took it to mean that you thought I am dishonest person who would use various names and schemes to achieve ulterior motives, hence my outrage. Again, sorry that I misread you. As for Slash and I, I have nothing against him and as I've said before, he makes many good points. It is important however to bring those points into context. Michael pointed out to me (in a private email) that to those who are not very familiar with TA, Slash and I sound very much the same. I suppose to someone who knows nothing of fundamental analysis, all the talk about earnings growth and valuations may make him confuse a value investor with a momentum investor. There are similarities, but not many. I think I will write an article on how to buy and sell, as oppose to what to buy and sell in the AOI thread. But for now, let me say that the most important factors are the time horizon and size (or volume) of the trade/investment. SlashNscalp, as his name implies, is a scalper. A scalper is a trader who tries to shave off 1/8 of every trade and make his money by doing it large volume. The primary criteria for him is good daily volume and a bit of volatility. A scalper is not concerned with whether the company will be around a month from now or what are the industry trends. Nor does he normaly hold on to a position over night. I am a medium term investor (read 3 quarters to 3 years) who on ocasion does position trades (read 3 days to 3 weeks). The kinds of risks that I take and how I analyze my positions are very different than that of scalper. For example, I bought 4,000 shares of VISX at 50 because I expected it to go between 55~64 within two months. In other words, based on this one trade, I expect to make $20,000 to $56,000 in two months. So far I've made my target as I sold covered calls for ~$7 so my average cost is ~$43 and and the stock is at $57. But I need to hold on to my position until the options expire. During this time, it is (very) likely that a competitor will receive FDA approval and pressure the shares. I am also open to marker gyrations, interest rate fluctuations, and currency scares. None of these factors come into the analysis for a scalper. On the other hand, let's say you are a good scalper and you make money in two out of your three trades and lose money in the one. Net-net, you make a dime in every trade. To make $50,000, you have to trade 1,500,000 shares! It is possible, but certainly not by scalping VISX. Best regards, Sun Tzu BTW, I also lose big. I just don't adevertise those as much <g>