To my readers:
First, let me apologize for the one-day delay in getting to my Wednesday column. For reasons that will soon become clear, I just needed the extra time to sort things out.
Second, I hope you're sitting down, because the next few paragraphs may come as a shock.
After much thought and deliberation, I have decided that the column you are now reading will be my last one for
. This in no way is a reflection on the fine operation of
or its future prospects, which I am confident are bright.
After nearly a year's worth of discussion,
and I have decided to start our own hedge fund (nicknamed the
Smith & Wesson '45 Fund
-- catchy, huh?), and already have over $350 million in committed funds to manage.
Our reasoning was pretty straightforward: Our multiyear track record is pretty much the envy of the trading community. And it's attracted interest from readers and investors across the globe. But up until recently, we've been reluctant to leverage our talents with anyone other than our immediate families.
But enough really becomes enough at some point. The opportunity to make multimillions a year -- just in management fees! -- is really too tempting to pass up.
Furthermore, after reading about my fellow columnist (and now competitor)
, a guy gets a little jealous. I mean, yeah, I'd like to get invited to "
100th Anniversary" and be on everyone's "must invite" list for all those cool black-tie events. Is that petty? Being a snob? Well, maybe, but so be it!
In fact, after long discussions with my family, everyone here in the Smith household has decided Gary B. needs to let loose a bit and start to enjoy life. So I have been invited to join the exclusive Chevy Chase Club (where I can finally play some golf!) and have already leased office space near the course for the headquarters of Smith & Wesson.
I have to tell you, this entire hedge fund startup has been interesting. Already, I've had interest from quite a few high-net-worth folks in both the entertainment and professional sports arenas, and the attention has been, well, flattering. (I can't name names, of course, but let me just say that
has asked me to write a few columns about the startup of my hedge fund, but I've had to pass: My current travel schedule to both coasts (I'm still uncertain if there's more money in LA or NYC!) on behalf of clients precludes me from doing anything other than trade and entertain.
So for now, I bid you adieu. It's been a ball -- really! -- but it's time to move on. Thanks for all your support and readership. It's really meant a lot.
Gary B. Smith
P.S. In the April 15 issue of
, there is a good chance I will be on the cover. My publicist has been working with the magazine on an upcoming story it's doing, "This Ain't Your Father's Hedge Fund!" and the plan is to feature me and a few other folks. They've already done the photo shoot and have told me I'm slated for the cover unless that tedious Kosovo thing knocks me off. Cover or not, though, look for me!
Gary B. Smith is a freelance writer who trades for his own account from his Maryland home using technical analysis. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Smith also writes Technician's Take, which appears every Monday, Charted Territory, which normally runs Wednesdays, and TSC Technical Forum, which runs Saturdays and Sundays. While he cannot provide investment advice or recommendations, he welcomes your feedback at