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HINDSIGHT: Perfect TW doubling

July 12 2002 at 10:39 PM
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B&H Ocean Carriers [BHO] 
from IP address 209.240.222.132

Look at the 10 year chart on Bigcharts or page 25 of The Stock Picture.

During 1999, 2000 and 2001, BHO was under 2.50 after a distribution from it's high in 1998.

Then in late 2001, it broke 2.50, and established a new high. I would have been in at 3, expecting to double my money to $6.

Sure enough in early 2001, $6 was achieved and like TW clockwork, the rise is levelling out now. A TW optimizer would probably have stayed in but a TW-doubler, like me, would have been out. Doubling your money inside of 4 months ain't bad at all. Why worry more about it? Get out and find something else.

Cynics may say hindsight is 20/20, that "woulda coulda shoulda" thinking is a fallacy. That may be true, but reverse engineering a plan, like TW's, is different. Any TW observer could have seen BHO coming. That fallacy thinking applies to random events that couldn't have been foreseen. In this case-- we're establishing a vision for foresight and to do that requires hindsight-- and doesn't villify or ridicule it. After all, to drive foward safely, you also have rearview mirrors.
Observe, as well, that BHO did fine in the period of the continuing dotcom crash and the Enron scandal, followed by a variety of other finance scandals in corporate American. So behind the news of the DOW crash and all of that, lie little gems like BHO that a fifth grader could point out.


    
This message has been edited by tedwarren from IP address 209.240.222.132 on Jul 12, 2002 10:41 PM


 

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