Friday, April 15
Have a good weekend, guys, and if you're out in the Jupiter Island sun, keep your bald spot covered.
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Posted on April 15, 2005 at 18:00, GMT
Sorry, No Chat Today
In yesterday's chat we talked about the fantastic Dummy short entry in AAPL (see chart below), which I'm glad to say several chatters executed perfectly. We also discussed how easily aficionados of pork rinds would complete the pig anus eating stunt on Fear Factor. It's such a beautiful day here that there's no way I'll be around to chat, but I hope to see you next week.
AAPL, 15-min. Chart
Posted on April 15, 2005 at 15:45, GMT
The Wisdom of Burton Pugh
It was true when he wrote it in 1948, and it's still true today:
"To the professional short-turn trader who can spend all his time at the exchange, it is, of course, permissible and expected
that he will try to secure frequent fragmentary profits in an effort to compound them into larger funds, but this is not investment.
Few are the ones who can afford to become 'professionals' and, in the final wind-up of a financial campaign, the outright investor
following [a] plan will far exceed the results achieved by the less patient in-and-out trader."
Posted on April 15, 2005 at 15:30, GMT
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