Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: put2rich who wrote (46173)	3/4/2000 1:09:00 PM
From: sandeep	of 94695

EMA - exponential moving average (as opposed to simple moving average - it gets whipsawed by manic moves in the stocks these days). I don't know about PUMA fundamentally. So, TA is the only thing I will look at in case of PUMA. In any case, I believe that the charts reflect the psychology of the market participants at large which is what drives the stock price. After all, who can say for sure if Microsoft is worth $500B, INSP $28B etc ? I don't concern myself with that too much when it comes to trading. In my book, the company is worth what the market is willing to pay for it - overvalued, undervalued etc doesn't mean anything.

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