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Gold/Mining/Energy : Games Trader
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To: John Paquet who wrote (111)4/1/1999 4:01:00 PM
From: Professor Dotcomm   of 1239
 
Your question, wittingly or unwittingly, may be the defining description of the entire internet market at this time. I think most DD analysts or chartists are usually modest enough to recognize their own frailties. But the market contains many diverse opinions. For street smarts the bid, ask, spread, volume and activity is the essence of pricing. For old fashioned analysts revenues and profits (however distant) is where value will be eventually determined. Neither school is entirely wrong or right - but it is important that both are present in the market at any given time. The day traders need the stability long term buyers bring and the DDers need the liquidity and volume activity the day traders bring.

Yes, you're going to be right. I saw another block go through (perhaps the buyer has already finished the DD!). $3.50 -$4 is now a distinct possibility.
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