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tommy trojan

09/04/03 11:10 AM

#147814 RE: MKT_entropy #147775

MKT entrophy re: "when genius failed"

i am half way thru the book that you highly recommended. Love every single page of it so far (i had read lowenstein's other
book about warren buffett, not as good as this one).

if nobel laureates & top traders cannot beat the mkt, where do we mere mortals stand?

regards
tommy
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Zeev Hed

09/04/03 11:17 AM

#147818 RE: MKT_entropy #147775

My reading was that the market will be busy frolicking (it was) so I felt (wrongly) that NVEC will do a double frolick and print a new high, I thought my sell order at $45.25 was not too piggish since it was only $.25 above the prior day high, I was wrong. As far as cap preservation, that was accomplished by not deploying massively prior to my leaving, NVEC just came from a prior week with a decabucker plus and a prior day with a hedecabucker, giving some (I and I thought, wrongly again that my max risk was $10 under the high from the day before at $35 or so) back (like $5 did not seem too bad for the possibility of a continuation of the irrational exuberance. I post the good, the bad and the ugly, that was in the ugly decision class. In edit and as I was typin here got the double bucker discount on NVEC again, in here at $31.13. Also got, CELL at $26.56, JCOM at $34.88, and IACI at 34.60 a little earlier.