A reader wrote in a few days ago and suggested -- in a nice way -- that I was a bit thin-skinned and maybe it would do me, as well as the readers, good to stop dwelling on the negative emails I get.
So, I thought about that suggestion, and have concluded that this kind gentleman is absolutely right: The negative emails I get are draining away all my positive energy!
Still, that leaves me with one problem. What exactly do I do with all the nasty notes I get? Do I immediately ship them to the trash bin? Nah, not enough "closure." Do I reply in kind? No, too tit for tat. Do I thank them for writing in? Nope, too galling.
Then I figured it out. I've heard all the rebuttals, read all the knocks, so shoot, why not just put them into one general column that all the malcontents can use as a reference site?
Yes, that would be perfect. Kind of a "Anti-GBS Primer," if you will. Gosh, I don't know why I didn't think of this before! Therefore, without further ado, I present to you the "Top 10 Reasons to
Read GBS." And henceforth, not another word about negative emails -- I promise!
Gary: You're so predictable. You only like charts that are going up; and you hate charts that are going down. Real rocket science there, you dope! Oh, isn't it the truth? Why, if I'd been a horse player back in the early 70s, I'm just the kind of schmo who would have bet on Secretariat to win every race! And, shoot, where would that have gotten me!
Gary: You absolutely cannot ignore fundamentals! Why, don't you know company XYZ is the market leader in fiber optics and has promised to cure cancer and can get you as many dates as you want with both Heather Locklear and Jennifer Love Hewitt? Bet your stupid charts don't show that! Boy, I don't know what I was thinking. I mean, I bought Ventro and MicroStrategy , and shoot, even Qualcomm all because someone told me the "fundys" were superb. But now I find myself in a deep, deep hole. Even worse: Neither Heather nor Jennifer are around to keep me company!
You are sooooo wrong about the market direction. Whenever you "market pundits" say it's headed one way, I immediately take the other side. And, I've made a ton of money doing it, you idiot!" Isn't it the truth! But, look at is this way, I've come up with the surefire trading methodology: Just fade GBS!
You said XYZ would go up, but instead it went down, you dunce! You chart readers are nothing more than charlatans who see patterns where there are none, and make forecasts based on nothing more than tea leaf reading! Which reminds me. Did you know I once bought a grapefruit that looked like John Lennon?
You think we care about your personal life? Stick to the only thing you're good at, the charts! Hey Mom, give me a break!
You are nothing but an amateur speculator who probably doesn't make enough to rub two quarters together. Why don't you get a real job instead of putting out this drivel you call advice? Hey, I may be an amateur speculator, but don't knock my drivel. My drivel happens to be first-rate, professional drivel!
You're stupid! I read your column with a trial subscription and you're not worth a quarter! Hence my "rubbing two quarters together" problem.
You're just like every other trader who has only known a bull market. You think you know it all, but you'll get nailed just like every other "expert!" Gosh, you're right. (Note to me: Call Julian Robertson asap! Ask him for advice on how to handle all types of markets.)
Thanks for knocking my stock, and giving me a big loss, you jerk! You're everything that's wrong with the Internet! Well, include Matt Drudge, and then you'll have everything that's wrong with the Internet!
You think you're funny, but you're really just an immature, condescending, irritating, totally unfunny dolt! Oh yeah? Well read my recent April Fool's column: I was also insensitive!
Gary B. Smith is a freelance writer who trades for his own account from his Maryland home using technical analysis. At time of publication, he held no positions in any securities mentioned in this column, although holdings can change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Smith writes five technical analysis columns for TheStreet.com each week, including Technician's Take, Charted Territory and TSC Technical Forum. While he cannot provide investment advice or recommendations, he welcomes your feedback at