Forum Archive Index - June 2001

["Nick McVerry" <mcverry@ihug.co.nz>]

Firstly I certainly am not a serious investor -  for many logical reasons.
Secodly the point I was making was about his remark, "they just go deathly
silent".  Were have we seen that recently?


Nick McVerry
nick@wake.co.nz
http://www.wake.co.nz

----- Original Message -----
From: "Phaedrus" <Phaedrus@techemail.com>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, June 26, 2001 10:13 PM
Subject: [sharechat] Hugh's Test


> Nick,
>      Perhaps you missed my response to Hugh's post. I repeat it for you
verbatim.
>
>      "You seem to suffer from the influence of excessive ego involvement
in your market decisions. There is absolutely no need whatsoever to
apologise when you are wrong. I am wrong about 40% of the time. I don't
apologise or explain (who to? - I am answerable to no one but myself) - I
sell.  What do you do when you are wrong, Hugh?  Average down, I bet. Throw
good money after bad, anything rather than admit a "mistake".
>      You will find me fairly silent when "challenged" (there goes your ego
again) to predict the future of a particular share. Totally mute in fact.
For the last time, technical analysts do not predict the future. They
interpret the present using mechanical methods of proven historical
efficacy, holding when right and selling when wrong."
>                       Phaedrus.
>
> PS  I consider myself a serious investor - I do it for a living. Are you
and Hugh serious investors?
>
>
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