To: TheLineMan who wrote (30863 ) 2/13/1999 1:40:00 AM From: Marshall Read Replies (1) | Respond to of 33268
Perspectives Weekend Edition - Jan 29 Commentary We have received a lot of questions asking the same thing. Simply, how can we consider ourselves a legitimate newsletter if we don't discuss what companies do? How is it that we are right on our market calls so often when we do little in the way of research into the companies we follow? Ahh, we laugh. We are taught from a young age that hard work is the root of success. Therefore, it must be essential to study companies well, knowing everything there is to know about them before committing to investment. We laugh out loud. Thankfully, there are smart people out there who do work hard, spending a considerable amount of time and energy learning about what companies do and what will determine their future success. Thankfully, there are insiders who are willing to play their stocks on privledged information. Willing to make money by knowing more than the rest of us. Yes, thanks to all of you. For it is your combined efforts which allows us to take our lazy approach to market analysis. We just follow your path. Admittedly, this puts us a step behind the smart money. We do miss a little bit of the upside, but we catch the upside on so many more plays than the person who makes all the effort, or the person who plays their stock on private information. We are in for the run, and out for the sleepy times. Why? Because all we really do is monitor market activity and apply the years of experience we have in understanding investor psychology. Some may call this technical analysis, but don't give us too much credit. We don't too much of that either as most of the voodoo indicators are too much like work. Don't work hard, work smart. The market never lies. Enough Said. "Provided by the Perspectives newsletter, samples available from perspectives@shaw.wave.ca."