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I, for one, welcome your contributions to this forum.
Let me encourage you to post your specific trades, as well as
general advice. I'd like to see them.
On Thu, 05 Jun 1997 22:41:18 -0700, you wrote:
>In my stock portfolio I was up over 70% last year and that wasn't one
>lucky stock in a small account. I also consistently make money in commodities when
>most lose.
>
>I want to put this in perspective. I've been doing this for 40 years and I didn't
>make much money for the first 20. Tried a lot of things that didn't work. I
>work at this 12 hours a day so I better make money. Have to keep the
>wife happy.
>
>I usually don't recommend stocks or give advice. There are a lot that do better
>than I and I've found that as soon as I get pompous I get sh_t on. I still
>make a hell of a lot of mistakes. Dropped a bundle on the Yen early this year
>for example but recently got it back.
>
>For what it is worth (about 2 cents) my luck changed when I became the biggest
>contrarian around. What the WSJ likes I sell, what they don't like I buy.
>Most of the Journal is BS anyway. Sure miss Dorfman. Made a lot
>of money selling his touts. I don't diversify. If I have a good idea I buy a bundle.
>Try to keep no more than 5 issues in my portfolio.
>Don't use stop orders. Got picked off too many times. Even in commodities I can't
>remember when I last used a stop. There is lots of "tech" out there beside the
>computer ect stocks. For example, horizontal drilling for gas.
>
>Sorry to bore you all. Sometimes I get carried away. But I think we
>are coming to a period when things are going to change. You not only have to
>make the money but you have to keep it also. I'm not shorting yet except
>for a few S&P500 contracts but my gut says the computer stocks are going to
>be losers over the next 5 years. The idea that things are different now is
>pure BS. The only thing feeding this market is the Yuppies buying funds
>and history tells us the popular investments always lose.
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