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lee kramer

06/09/04 10:03 PM

#255633 RE: patentlawmeister #255630

Hi patentlaweister: Clearly your view of how to "work" the market makes sense to you; it's your "style" and if it's successful for you you should stay with it. I'm not sure that daytrading is a "zero sum game," I simply don't know. What's comfortable for me, what seems to work, is to daytrade. That's my "style." I came to this when on-line trading made commissions almost a non-factor. I also like to be 100% in cash by 4:00. I suspect that like most professions, there are some very good practioners, some very poor practictioners and a whole bunch somewhere in the middle; kinda like a bell-curve.
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Bearmove

06/09/04 10:10 PM

#255637 RE: patentlawmeister #255630

So how does the fundamentalists find a bottom?
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Zeev Hed

06/09/04 10:23 PM

#255640 RE: patentlawmeister #255630

Nice "rear view mirror" approach, where do we find such great values now? At the depth of the bear we had a group of "value orphans" here as well (and many of these have done well, however, two are still orphans even after the nice cyclical bull move in the last 18 months). When stocks like CPST are selling under cash, there is usually a good reason. I remember their hype when it was in the 40th, and their business model did not make any sense, I have not looked at it since, do they have any real business prospects or do they keep burning that cash ad infinitum? They have already gone through $350 MM of other people money, just because they scammed the public out of half a billion, and some of it is still in the till, does not make them a good investment , IMTO, even at less than cash on hand, you know, they are on their way to burn it all. Too bad the Si search engine stinks, I had some choice words for that scam on SI in early 2001...