TLAB info? Message Board

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Technology Stocks : TLAB info?

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To: CHIP HUNTER who wrote (1376)	10/13/1997 8:58:00 PM
From: Chuzzlewit	of 7342

Chip, for every seller there is a buyer, and while we know that the market makers play games witrh prices, they act as buffers. Were I interested in shorting a stock it would be based on the belief that business would be trending down or the stock was hyped beyond its ability to meet expectations. It would not be based on pseudostatistics. Some argue that TLAB is overpriced because its long-term growth rate is not high enough relative to its eps. I argue that the long term growth rate is poised to expand significantly, and I want to be in it for the long ride up. These kinds of disagreements of interpretation are based on perceptions of the future driven by hard information. What bothers me about market timing is that it is uncorroborated, and unproven. How do you explain the fact that you get 5 T/A "experts" in a room and get 10 different opinions as to what the charts mean? Ultimately, each claims he is right because given enough time the stock moves in the direction he predicted. That simply makes use of the law of large numbers in a stochastic environment. If you generate some predictions (including the timing) that are statistically different from the null hypothesis I will accept the idea. Until then I remain a skeptic. Regards, Paul

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