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To: Scarecrow who wrote (8825)5/26/1999 6:09:00 PM
From: Mark Peterson CPA  Read Replies (1) | Respond to of 19700
 
Ahhhhh Scarecrow, I don't know. I think all information is good. And every threader has the responsibility of processing it for better or for worse.

I'll be the first to acknowledge that I don't have a corner on the markets and I've had at least as much experience as many on this thread.

I personally appreciate the way you raise the bar on each of your post. I don't think I'd have the ability to turn over as many rocks as you do.

But that quality alone makes you a great investor, because you notice the small things. And let me tell you, the devil is in the details, as you well know.

Best regards and thanks for keeping us honest,

Mark



To: Scarecrow who wrote (8825)5/26/1999 6:42:00 PM
From: jackhach  Read Replies (1) | Respond to of 19700
 
Sacrecrow,

>> Your groundless predictions are wildly inaccurate <<<

I'll preface all of my point by point explanations with the following:

I fully admit that I did not anticipate the persistence of the sell-off. Now having said that -- these are my replies to your clearly one-sided review of my posts.

1) Reply 8601:

It did take 7.4 million shares to break those levels -- with the $202.00 level not sustaining a true break till the last hour of trading. CORRECT! That is more then 1.6 X average volume.

2) Reply 8601:

>> ever-increasing volume <<

We had 1.7 million shares trade on Thursday, 2.7 trade on Friday, 5.1 trade on Monday, 7.3 trade on Tuesday, and 12.1 today -- what about tomorrow? CORRECT!

I did sincerely think that the $205.50 bottom was confirmed -- which I admitted later that day was wrong, but not GROUNDLESS with having 3 million shares traded and the stock trading higher at that point.

3) Yesterday afternoon:

I did buy yesterday and today, thank you very much -- and DCA my position down. Thanks for my account reconciliation.

I admitted a few times today and yesterday that I got ahead of myself in expecting the bounce to occur before it tested $185.00. Again, it took 12 million shares to fail at a sustained breakthrough.

4) Grandma's camp is months/years -- not hours/days!!! Was my point.

5)I saw the $173.50 bottom today (as any chart would show), and I said if the stock holds above $185.00 (as it did) -- we will then start heading towards the $200.00 test. Which it is now doing and will likely break! CORRECT! The $173.00 proved meaningless!

BTW, when I said I do not use a chart, I meant I do not use it exclusively to make all of these "groundless" predictions.

6) SUSTAINED breakthrough is the key -- not temporary ones. A sustained break through is when you CLOSE below the resist point. This, I'll again admit, I was not clear enough on in my earlier posts. We did not experience a close below $185.00 today -- SO IT DID NOT SUSTAIN. CORRECT AGAIN!

Best to you!

-JH




To: Scarecrow who wrote (8825)5/26/1999 8:10:00 PM
From: Robert Rose  Respond to of 19700
 
Scarecrow: I personally am learning a great deal from jackhach and very much appreciate the time and effort he spends to share his knowledge and perspective with us. If you don't find his posts useful, then just skip them. Keep it up Jack!!

Rob