dave@cylixd.UUCP (Dave Kirby) (02/26/86)
I have gotten quite a few requests for the address of the Richard Ney Market Report. So here it is, folks: Richard Ney Market Report P. O. Box 90215 Pasadena, CA 91109 $295/year, 6-month trial for $195 (You can also write for a free sample copy) There are actually two different newsletters you can subscribe to: the regular Market Report, which deals mainly with the general direction of the market and advises stock buys, and the Option Report, which deals in much shorter swings and gives advice on which options to buy. The regular Market Report also gives advice on gold, silver, and bonds. The market reports come with a telephone update service as well. Every Tuesday and Friday (Monday and Wednesday for options subscribers) Ney puts a recorded message on the phone hotline giving his up-to-the-day commentary on what is going on in the market. In addition, he puts out a special phone update whenever the Dow is up or down by more than 15 points, or moves more than 25 points intra-day. Of all the letters I have subscribed to, Ney's letter is by far the most entertaining, because it is spiced with the same philosophical thoughts and cynical observations that pepper his books. In fact, the reports read like another chapter in Wall Street Jungle. His written reports are thorough; they will tell you everything you want to know, and more, about what the specialists are up to this week. As I said before, Ney is very accurate in the intermediate term, and extremely *inaccurate* in the short day-to-day predictions. For that reason, I never felt compelled to subscribe to his option advisory; also, my sample copy of his option report showed that most of the options he advised expired worthless. Shoot, *I* can do that! I've got *lots* of experience at buying worthless options. Ney's intermediate term timing may be suffering now. I let my subscription expire in January, and at that time he was predicting a run-up of the Dow to 1700, then a major crash beginning within a couple of months at most. By contrast, the two best timers in the market, Bob Prechter and Peter Eliades, are both predicting that the bull market will continue after a short, small correction of less than 100 Dow points. Time, of course, will tell. I know *my* stomach gets queasy at such high Dow levels. I'm starting to get vertigo. ----------------------------------------------------------------- Dave Kirby ( ...!ihnp4!akgua!cylixd!dave)