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...pinstripe, commission-driven Wall Street professional, which is probably why his readers like him. He is a former professor of philosophy, carelessly dressed, with watery blue eyes and a fleshy, houndlike face. He is still doing penance for his 1987 performance, having vowed not to smoke another cigar till the Dow Jones average tops 2722. He tends to dwell on his losses, even though he started out with $8,000 in 1977 and by taking his own advice has boosted it to $422,000. Charles Allmon, a rival newsletter editor, suggests that Frank is a ringer, a "riverboat gambler" suitably...

Author: /time Magazine | Title: Las Vegas, Nevada Stock Tips and Slot Machines | 5/8/1989 | See Source »

...across the river, this is Moses.' " He just wants them to think with him. What he thinks about are the elaborate, hand-drawn charts that fill his filing cabinets and cover every wall of his office. Weinstein runs his hands over these charts like a sorcerer, working most nights till dawn. As a technical analyst, he does not care about good companies or bad. When a reader advocates Apple Computer, he replies, "You're right, it's a great company. You're right, it has good earnings. You know what? Sell it." For Weinstein, price patterns tell...

Author: /time Magazine | Title: Las Vegas, Nevada Stock Tips and Slot Machines | 5/8/1989 | See Source »

Then they go home and mull it over till the next big conference, which happens to be in June in Monte Carlo (admission $695, and no freebies). The title, "How to Profit from a World on the Brink," suggests several interesting possibilities: a) starting a financial newsletter; b) playing host to an investment conference and bringing in dueling newsletter editors for entertainment; c) before you subscribe or attend, locking up all your money in a certificate of deposit at 10%; or -- and we have to admit we like this one best, diversification being a very big idea in the investment...

Author: /time Magazine | Title: Las Vegas, Nevada Stock Tips and Slot Machines | 5/8/1989 | See Source »

...that it would pick up the remaining seaborne oil within the next two weeks and scrub all the fouled shoreline before cold weather arrives in September. But Alaskan officials grimaced with skepticism. "Sounds too rosy," said Dennis Kelso, Alaska's environmental conservation commissioner. "Look at Exxon's track record till now -- too little, too late, and too many excuses...

Author: /time Magazine | Title: Environment: Nature Aids the Alaska Cleanup | 5/8/1989 | See Source »

...Till then I see what's really always...

Author: /time Magazine | Title: Books: No Tears, but No Comfort | 5/8/1989 | See Source »

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