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View Full Version : Poll time for Ernie!



Anonymous
09-26-2003, 11:13 AM
Remember my beef with Ernie about his time frame (that stating an actual date and actual price that he will sell) is misleading because he does not stick to what he puts in writing (and thus the streak claim is misleading)? Let's see what people think! :o

JrInvestor
09-26-2003, 01:04 PM
I voted no on Ernie removing the date from which he sells. First, when he makes a buy, he indicates he will sell in 4-6 weeks at an increase of 15% or more. Sometimes he sells before 4 weeks and sometimes he sells after 6 weeks.

Remember, he does not expect you to purchase based on his research. He expects people to do their own research. I do agree it can be misleading and would be considered misleading by consumer laws if he were involved in financial advising. He is not and does not want to. His information is simply that, information. It is a guide and not absolute rules. It is for educational purposes ONLY.

Just my .02 worth.

JrInvestor

sbarclay8308
09-26-2003, 01:09 PM
How about " I Hope to sell within 4-6 weeks " ?? the "I WILL" is not
real.. The portfolio would not look so good if MM was Forced (don't know
how we would force him though.. He's a pretty big guy :mrgreen: ) to
sell at 6 weeks no matter what..

mrmarket
09-26-2003, 06:27 PM
How about " I Hope to sell within 4-6 weeks " ?? the "I WILL" is not
real.. The portfolio would not look so good if MM was Forced (don't know
how we would force him though.. He's a pretty big guy :mrgreen: ) to
sell at 6 weeks no matter what..


Please explain why I would want to sell a stock when I know it's going to go higher? Selling a stock at a lower price than its future price doesn't sound like an optimal money making strategy to me if I'm long.

bon46
09-26-2003, 06:49 PM
No one is telling you that you have to sell or buy a stock- information is
given to all members- the ultimate decision is the individuals- time span gives an indication of when a stock should hit the target price. It could be sooner or later- the point is not to be "married" to any stock- if you can trade in a six week target you can turn your portfolio over appx. 8.6 times a year increasing the value of your portfolio at a 10 % profit per trade to 86% for the year : at 15% profit a return of appx 130%-

sbarclay8308
09-26-2003, 07:10 PM
How about " I Hope to sell within 4-6 weeks " ?? the "I WILL" is not
real.. The portfolio would not look so good if MM was Forced (don't know
how we would force him though.. He's a pretty big guy :mrgreen: ) to
sell at 6 weeks no matter what..


Please explain why I would want to sell a stock when I know it's going to go higher? Selling a stock at a lower price than its future price doesn't sound like an optimal money making strategy to me if I'm long.


Please explain to me how you can say "I *will* sell in 4-6 weeks" when you don't ? :)

I am not advocating you selling at a loss.. Just suggesting a wording change so it sounds like what it is... a "positive prediction".. Because unless things really change.. You won't be selling your DKS or your PRX (and of course neither will I <grin>) in the 4-6 week timeframe..

(I hope to eat my words on that.. :oops: )

I never expect all the trades to hit within 4-6 weeks, and have been pleasantly $urprised on several! The survey was "Do I think MM should you change the wording.."

I made my opinion known and BTW the part about "forcing" a sale was meant to be tongue-in-cheek... :wink:

We love you Mister Market! Keep up the great work.. YOU ARE HUGE!..

mrmarket
09-26-2003, 07:12 PM
When I think that Minnesota will beat Penn State tomorrow, I tell my friends and my bookie that Minnesota will beat Penn State.

Anonymous
09-26-2003, 07:51 PM
The idea is to make the site have even more credibility. You are not in the minor leagues anymore, Ernie! You can do of course whatever you want; it is just a humorous way ("SUBTLE rantings" as part of the question!) to have you think about the matter!

RCARTER528
09-26-2003, 10:32 PM
If I knew how, I would start my own survey. Do you think Bec1 :twisted: should volunteer to leave this board for 4 to 6 weeks? Here he is again flogging the same dead horse. He's out on the message boards being totally disruptive, and now here he is again rileing people up. Get a life!

mrmarket
09-26-2003, 10:38 PM
If I knew how, I would start my own survey. Do you think Bec1 :twisted: should volunteer to leave this board for 4 to 6 weeks? Here he is again flogging the same dead horse. He's out on the message boards being totally disruptive, and now here he is again rileing people up. Get a life!

Lest you forget that Karel is 6 hours ahead of us, dreaming of windmills in the Netherlands. When he wakes up, I'm sure he will have some work to do....LOL!

Karel
09-27-2003, 03:59 AM
When I think that Minnesota will beat Penn State tomorrow, I tell my friends and my bookie that Minnesota will beat Penn State.

While I think that Bec/Bruce is going *ss backwards about this point, I think he has a point, and your comment underscores that basic point. With your bookie you are placing a bet, and with your friends you are drinking beer and having a good time. On the Internet, you run the risk of being taking (too) literally. The more attention you draw, the more critical it becomes to get the message across right. You'll find morons enough on your way, no need to fight even more useless fights. As an example of how easy things are misunderstood: I understood the poll title first to be offensive, although on second thoughts I think that it is supposed to be humorous. Don't count on second thoughts to get your message across.

Of course, making this a yes or no question is a bit, errm, Bec-like. But what is wrong with saying something like: "I expect to make a 15% profit on this stock, and likely within 4-6 weeks too." Or something like it, with a more robust MrMarket touch?

But I know you have been making these anouncements this way for years now.

And I don't think it is poll material. If it is possible to change anyone's behavior at all, it is not with polls. That just degrades into scoring points in silly games. Just my opinion.

Regards,

Karel

kingtim60
09-27-2003, 01:05 PM
Ernie should say whatever he wants. We get enough of that "safe harbor" crap from the corporate world.

eugenewinston
09-28-2003, 12:09 AM
Ernie should remove that sweater he's wearing in the picture.

I've been busy with making $ from the IBD top 100 list...tho they got hit hard on Friday.

Also been heavy into the Nanotech stox.....best of the bunch:
NVEC (mentioned here at 14) - MRAM (currently on a downtrend)
MFIC - makes "atomizers" that can distribute nano-particles ($1.20 - has great earnings for 8 straight quarters!)
TGAL- micro-etching for FRAM and MRAM (1.25ish)

Pix this week on momentum: KFX - ready to bo! in the clean energy biz
FARO - a pick by Stenzrob that is showing great strength
SLTC & ZIGO

Ernie - Cubs & Red Sox in the "Losers take All" Worst Series!

I got an extra ticket for the Yankee Playoff opener on Tues - trade you for a Springsteen at Shea?

mrmarket
09-28-2003, 12:18 AM
Ernie should remove that sweater he's wearing in the picture.

I've been busy with making $ from the IBD top 100 list...tho they got hit hard on Friday.

Also been heavy into the Nanotech stox.....best of the bunch:
NVEC (mentioned here at 14) - MRAM (currently on a downtrend)
MFIC - makes "atomizers" that can distribute nano-particles ($1.20 - has great earnings for 8 straight quarters!)
TGAL- micro-etching for FRAM and MRAM (1.25ish)

Pix this week on momentum: KFX - ready to bo! in the clean energy biz
FARO - a pick by Stenzrob that is showing great strength
SLTC & ZIGO

Ernie - Cubs & Red Sox in the "Losers take All" Worst Series!

I got an extra ticket for the Yankee Playoff opener on Tues - trade you for a Springsteen at Shea?

Your stocks are not of the $$$MR. MARKET$$$ variety and none of these were in my most recent dump. That doesn't mean that they won't go up in price but they are certainly not without risk.

You want to trade for my Bruce tix??? I'm in "the PIT" Friday night!!...

thebign1
09-28-2003, 09:34 AM
Hey Ernie/Karel, Maybe we should have a poll for bec1/Bruce.
Something like "Do you think bec1/Bruce should stop creating polls once and for all?"
Any thoughts on this?

Regards, Norm :roll:

Karel
09-28-2003, 09:44 AM
Well, nobody is obliged to answer a poll, and nobody is obliged to read all topics. As it is easy to see who has started a (poll) topic, I don't see the problem.

It might be more difficult than you think to find a really good topic for a poll. For instance, Mrmarket's top 5 could be a poll, but the result of the poll is just going nowhere, as we can't expect Ernie to be guided by the poll results. But it is a better idea than this poll (and yours ;) ). Voting for a new coat of paint for the site could be another good poll.

Regards,

Karel

dberstein
09-29-2003, 09:01 AM
Neither time frame, neither same 15 % target for all picks make sense to me. Stocks have different volatility and the target price should be based on it. I define the target based on the stock 8-day average true range, however, there might be some other ways of doing it.