Replies to post #53062 on Zeev's Turnips Patch-No Politics (ZEEV)

[Mustache Pete]

Zeev, you used the phrase, "making profits while preserving capital." Toward that end, and given the climate of event risk, how do you hedge your portfolio? When you raise cash, are you really collecting less than one percent in a money market? Rydex Venture or ProFunds Ultrashort OTC would seem to be a acceptable vehicles for an ace timer with qualms about shorting. I know that turnip farmers are proud, prickly, early-to-rise, old-school, real-men-pick-their-own-stocks kind of guys, but colloquially, sometimes you get the bear and sometimes the bear gets you. Those leveraged index funds would be more like fish in a barrel.

A.

[MyHunch]

"The turnips are far from perfect, but statistically, the number of successful calls exceeds the bad ones by a good margin"
A 100% per cent honest statement IMO. I have followed Zeev for nearly 3 years on the SI thread although started posting only recently on this freebie thread. I must admit though that I have a tendency to follow Zeev into some of his very few losing trades (IDPH is an example), but that is my own mistake. BTW, Zeev, do you have any response/comments to Thom Callandra's predictions of Dow 4000 for 2003? Also what would be the strongest dozen short candidates (both Dow and Nasdaq) if you concur with his views? Hope I am not taxing your brains too much on this wintery week-end! TIA

[Bacchus_II]

RE:"The danger in picking out a single situation from the close to 100 stocks I opine on, is that it does not describe correctly the statistical success or lack thereof of the turnips' tools."

Zeev, thanks for your comments. I don't have the slightest idea how you can follow 100 stocks nor the data-software logistic and infrastructure needed. I started investing in stock market 15 years ago and I followed the recommendation to diversify as mush as possible in order to avoid being eliminate by a bad stock. Then my IRS accountant told me I was maybe doing too many trades to be eligible to capital gain taxation. Also, I realise that all my stock was moving up or down simultaneously. So I find out it would be more suitable for me to restrict myself to only 2 or 3 stocks but learning more about those stocks. The problem now is that you got to be out of the stock for a very long period sometime and maybe most of the time in recent time.

I follow your thread every day but I'm in a learning phase. I'm far of being day trader as you can see.

Regards,
Gottfried_II