i think his bigger problem will be when someone asks to define "bet" and "$30,000.00"

:lol:

i think that someone who can't spell "presidential" should reconsider betting on the outcome of the elections.

Most of us usually don't post stuff we want to get rid of later.... :yowsa:

It's your thread. What did you mean?[/b][/quote]

land·slide
n.
1.
1. The downward sliding of a relatively dry mass of earth and rock.
2. The mass that slides. Also called landslip.
2.
1. An overwhelming majority of votes for a political party or candidate.
2. An election that sweeps a party or candidate into office.
3. A great victory.

if Bush gets less than 30% of the electorial votes, I'd say that would qualify as a landslide.

Go ahead and put all your $ in biotech and tech. stocks, that is another bubble waiting to blow up. Along with anything to do with the housing market.

Did I win the prize for the longest thread yet?

:moon:

<center><font size="+2">You sure do !!!</font></center>
and what kind of prizes do we have for Matt, Don Pardo ?

<font size="+1" color="red">Well Sare,
Matt wins an all expense paid trip to the center of intelligence on the net

That's right Matt, we're sending you on back home to:
</font>
<center><font size="+2" color="red">GO FUCK YOURSELF !!!
</font>
Click here to claim your prize
</center>
<font size="-3">all prizes are certified by an independent judging authority and are dependent upon your immedite acceptance and departure upon the next available means of transportation. failure to avail yourself of the prize removes all liability upon Oprano, Mike, Serge and any and all agents of Oprano, by Oprano or for Oprano, shall they not perish upon the earth.If winner, heretofore and forever known as the weener chooses to continue to participate on Oprano heretofore and forever known as the board, said board and all participants are hereby absolved and removed from all liability of harm caused by saidtofore and herebygotten postings until that time that it can be reasonably determined that there are yes indeedy icicles within or upon that hot place down below that is commonly referred to as hell. for more fine print, click here



Last edited by sarettah at Jun 16 2003, 11:27 PM

land·slide
n.
1.
1. The downward sliding of a relatively dry mass of earth and rock.
2. The mass that slides. Also called landslip.
2.
1. An overwhelming majority of votes for a political party or candidate.
2. An election that sweeps a party or candidate into office.
3. A great victory.

if Bush gets less than 30% of the electorial votes, I'd say that would qualify as a landslide.[/b][/quote]
You would be far better using the Republican 2002 definition of landslide, by which you could declare a 5% margin of victory a landslide. After all, -1,000,000 is a mandate these days.

i should run..... :unsure:

wonder if i would get any votes!

I saw the General that was sacked as leader of Nato foces in the Balkans interviewed on Meet the Press... Kelly I think his name was.

He said he was a definite maybe to run.... I liked the cut of his jib :salute: . Don't know a lot about him though.

Go ahead and put all your $ in biotech and tech. stocks, that is another bubble waiting to blow up. Along with anything to do with the housing market.[/b][/quote]
I made over 25k yesterday....how did you do with your shorts?
;-)))

yes, we call this prize in Yiddish -
Kadohas
;-)))

I made over 25k yesterday....how did you do with your shorts?
;-)))[/b][/quote]

I decided to stay on the sidelines until friday or maybe next week so I'm sitting in money market. The bulls and hopers are running out of steam.

Hey Matt,

What's your methodology? What do you trade?

just curious

You could probably pull a few votes in Utah.

I decided to stay on the sidelines until friday or maybe next week so I'm sitting in money market. The bulls and hopers are running out of steam.[/b][/quote]
I dunno who is running out of what,
I still trade every day and find things to buy and sell....
keep sitting on money market @ .7%,
while I collect 9.75% div PHK tomorrow
;-))))

For individual stock trades and shorts I use Etrade. For shorting a particular index I use Pro Funds they have some bear funds like "Ultra Short OTC" which tries to be 200% the inverse of the nasdaq 100 on a daily basis. For example on monday the nasdaq 100 closed up 3.2% so the fund was down 6.4%. Profunds also has bull funds and sector funds, and they make it easy to play a section of the market up. They have a bio-tech sector fund for example.

As far as methodology I read some investment newsletters about market timing and do my own research. A good book to read about why there will likely be a major decline in the markets and economy over the next few years is Conquer the Crash. An excellent book I read about getting started in investing on your own without using a broker is "No Bull Investing: Straightforward Advice to Maximize your Returns in Any Market, with Any Amount of Money" by Jake Bernstein.

For individual stock trades and shorts I use Etrade. For shorting a particular index I use Pro Funds they have some bear funds like "Ultra Short OTC" which tries to be 200% the inverse of the nasdaq 100 on a daily basis. For example on monday the nasdaq 100 closed up 3.2% so the fund was down 6.4%. Profunds also has bull funds and sector funds, and they make it easy to play a section of the market up. They have a bio-tech sector fund for example.

As far as methodology I read some investment newsletters about market timing and do my own research. A good book to read about why there will likely be a major decline in the markets and economy over the next few years is Conquer the Crash. An excellent book I read about getting started in investing on your own without using a broker is "No Bull Investing: Straightforward Advice to Maximize your Returns in Any Market, with Any Amount of Money" by Jake Bernstein.[/b][/quote]
Do you practice Elliott Wave?

I know Bob Prechter personally and one of my partners of about ten years ago was his broker.

He was long metals and short the stock indexes as far back as 1994. He has written many books along the way, all predicting the "tidal wave" crash.

Yeah I read some of their stuff, but that is not the only technical analysis I use. They were bearish during most of the late 90s so they missed the market top by 6 years or so. They have had a much better track record since 2001 however, and they are one of the top newsletters I read (I only started reading them about 2 years ago). Bob Prechter is not their only author but I suppose he still is the main guy doing Elliot Wave analysis.

Yeah I read some of their stuff, but that is not the only technical analysis I use. They were bearish during most of the late 90s so they missed the market top by 6 years or so. They have had a much better track record since 2001 however, and they are one of the top newsletters I read (I only started reading them about 2 years ago). Bob Prechter is not their only author but I suppose he still is the main guy doing Elliot Wave analysis.[/b][/quote]
I think Bob spends most of his time writing books and the Theorist. I have not followed any of his work in a long time. I don't spend much time reading other ppl's work or methods, as this is only an attempt to increase accurate perception, when execution is 90% of the game.

I've been trading futures for 17 years and I use a combination of the things I have found that worked well. All technical. But, my focus is on execution and discipline.

Elliott Wave is very subjective, but used with other indicators to filter signals I still find it a very valuable tool for trying to understand what phase a market is in.

Good luck in your trading!

yeah, it seems they can always make the theory work AFTER the markets get to certain levels, but making the prediction before things happen is more of a "probable scenarios" situation. The theory behind it regarding the brain's herding impulse is pretty interesting.

thanks.

This is certainly not something new. Research the Mississippi Scheme, Tulip Mania or the South Sea Bubble. People have been writing about "crowd behavior" for a thousand years or more.

R.N. Elliott just observed the "wave" pattern and attributed it as such. Same with market distribution (bell curve), Drummond Geometry, etc.

After many years of observing markets, fundamentals and technicals, I certainly believe that mass social psycholoy is patterned while at the same time irrational.

This is certainly not something new. Research the Mississippi Scheme, Tulip Mania or the South Sea Bubble. People have been writing about "crowd behavior" for a thousand years or more.

R.N. Elliott just observed the "wave" pattern and attributed it as such. Same with market distribution (bell curve), Drummond Geometry, etc.

After many years of observing markets, fundamentals and technicals, I certainly believe that mass social psycholoy is patterned while at the same time irrational.[/b][/quote]
yes, it is...and I stopped timing the market and follow something different.

I open position and go 33% , and buy more on the way down.
if it goes up without going down,
I can live with that and take profits.

I ALWAYS take gradual profits on the way up,
I'll NEVER make a maximum on any position, but I'll never
a ) leave profits on the table

b ) take big loss

and another trick I found...always buy dividend paying stocks/ETF's,
you can sit on them quite long even being down and still collect every month/quarter
;-)))

woiks for me and saves ton of reading newsletters time,
so I cna post on Oprano
;-)))

Otherwise known as cannonballing. :D

Serge, are we going to do dinner with uncle mike in ausust or are you really not going to be around?

Otherwise known as cannonballing. :D

Serge, are we going to do dinner with uncle mike in ausust or are you really not going to be around?[/b][/quote]
wig,
I'll be in Norway. It's a bit colder than summer in Florida
;-)))

So many places to travel to and you choose Norway??

no, not just Norway, Iceland too
;-)))

Wig,

I'm guessing that you've read "Extraordinary Popular Delusions And The Madness Of Crowds".

Oh yeah now it all makes sense! ;-)

The G word is getting a little old so I won't use it but they have some interesting delicacies in Norway!

wig,
I'll be in Norway. It's a bit colder than summer in Florida
;-)))[/b][/quote]
That's too bad, Serge, although it sounds refershing! ;-))

Wig,

I'm guessing that you've read "Extraordinary Popular Delusions And The Madness Of Crowds".[/b][/quote]
Colin,

Was the author a frenchman? I remember this title and I thought I had the book, but I looked and could not find it. If it is the book, It was a long time ago that I read it -- probably 10 years.

I think I have lost a bunch of books between moves. They are probably all in a box somewhere.

Colin,

Was the author a frenchman? I remember this title and I thought I had the book, but I looked and could not find it. If it is the book, It was a long time ago that I read it -- probably 10 years.[/quote]
I believe so. I read it when I was about 18 so maybe about the same time as you. I don't have a copy anymore. Probably pilferred by an amateur book collector.

I did find the book Millionaire - The Philanderer, Gambler, and Duelist Who Invented Modern Finance.

It was a good book about John Law and the Mississippi Company. Pretty interesting reconstruction of his life.

Wig,

We are getting to fond memories. Have you ever read "Reminiscences of a Stock Operator"?

;-)) "There is only one side to the markets; and it is not the bull side or the bear side but the right side."

This quote has always remained burnt into my mind!

Great book!