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Strategies & Market Trends : DAYTRADING Fundamentals
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To: ynot who wrote (1707)7/9/1999 1:38:00 AM
From: Raymond Duray  Read Replies (2) of 18137
 
High Y,

This comment, Either way, if the markets tank, my suspicion is that within 60 days the longs will forget why they bought since the implementation cycle of the infrastructure and sales cylce is so long strikes me as at the same time incredibly perceptive, completely true and at the same time hysterically funny as we try to find some rational basis for the antics of Mr. Market. Surely the "animal spirits" have overwhelmed him on this particular issue. My congratulations to those who glommed onto this one when it got accolades on this thread on June 8. To be fair, the high on that day was 12.0625, the low today, exactly one month later was 44.25. A mere 366% return for one month's paying attention to Eric's creation. And yet I'll bet not one of us is the benficiary of this largesse. Or the larger 448% yield if you flip the high and low.

Hmmm, what an interesting world.

Still questioning reality, Ry
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