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 : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: cardcounter who wrote (35856)	11/11/1998 8:50:00 PM
From: Mike M2	Respond to of 132070

Cardcounter, as i recall Niederhoffer was wiped out on the day of the 500 point decline -I think he was short puts. A vivid reminder that bear's tough love is tougher than the bulls. Mike

To: cardcounter who wrote (35856)	11/11/1998 8:57:00 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

CC, Neiderhoffer's book is excellent. Too bad he didn't follow his own advice. The problem with a lot of these characters is that they know what they should do, but they don't remember to use a condom. Risk mgt. is the name of the game long term and he simply forgot that fact. Part of it is type casting. Part is the fact that many Texans have background or family in the energy area. Sorry, I don't know either of those firms as work places. I may be able to check with some other folks, but it would be third hand. I know that the elephant bit sure messes up real estate prices. The simple answer is, don't follow trends, start them. Which explains my dancing style. <G> MB