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Politics : Ask Michael Burke

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To: BGR who wrote (62485)	6/16/1999 12:45:00 AM
From: Skeeter Bug	Read Replies (1) of 132070

>>The individual tick-by-tick movement, of course, is almost purely random, decided at the margin at the given instant. << the tick by tick movements are driven as a response to expected supply and demand. they aren't random at all. longer term stocks tend to cycle around their true value. >>Finally, all valuation is subjective.<< this is true in a limited way. the inuts stretched this truth to its limits. we'll see what mu does tomorrow after announcing they had double anticipated inventories and that they were in the midst of another supply glut (that was quick!). maybe somebody values increasing losses... ;-)

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