To: Mohan Marette who wrote (83647 ) 12/4/1998 1:24:00 AM From: arthur pritchard Read Replies (2) | Respond to
Hi Mo (how are you)<making a little chump change here and there> WHY MISLEAD? To say that alot of daytraders lose money is one thing. But to generalize, and say that the only intelligent position is to stay long, is misleading. I have no desire to mislead beginning investors, but TRADING PER SE should not be damned here. In fact, if some of the "extreme longs" here, took a small percent of their holdings, and paid the damned tax, to give them more liquidity, they would see how much money there is, in so called trading. There are some extremely intelligent beginning persons on this thread, who I think should receive a more balanced approach than just staying long all the time. I love your sense of humor, but I don't think the remark you made in this department is funny, because one hell of alot of people have great great great respect for everything you say===probably even more when you are making one of your uniquely timed and worded jabs and jokes. Perhaps you could come out with a new series of jokes, on people dying with their longs on==I'm sure you can think of something. You are the best, with the humor. Obviously, this stock goes up and down. If a person has the right data feed, and has a knowledge of using leverage, there is one hell of alot of money to be made off of a two or three day five point price swing, especially when you are using 70% margin funds, which is what I aim for. All this serious attacking between Voltaire and some of what I referred to as the bright "mathmeticians", was much too serious===and sort of personal. I learned bluffing on the streets of Oakland. I had many many many situations I was suckered into, before I developed some smarts===and can now "see them coming". It's a gut feeling, of course. All of us have this, to a certain extent; with others, it is more highly developed. Your humor, and timing are one of the best parts of this thread; can you think of any story which fits this discussion. Isn't it o.k. if some try to play with the long swing bluffs? I'm not talking about day trading===venkie speaks of them as termites====and I understand why he speaks of them as termites! It's very late for me now, so my own general lack of humor is even further down===just thought I'd "put it to da judge"....You have such a constructive and delightful way of saying "Hey, lighten up". Don't tell anyone, but if we keep it up, I don't think Voltaire is going to enjoy this as much as you all might assume he is. I can't imagine that anyone is really misled or hurt by his timing calls. And I do think that an older person, who has survived business bluffs of many kinds, appreciates him alot! And that's not to say that I don't study the arguments in opposition! Matter of fact, I printed them all out, from today's discussion. ...Love Ya!...
