Dorsey Wright & Associates. Point and Figure Message Board

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Non-Tech : Dorsey Wright & Associates. Point and Figure

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To: John Pitera who wrote (196)	9/10/1999 7:20:00 AM
From: Hardline	Read Replies (1) of 9427

The real truth about Fred Hickey. Fred Hickey was an auditor at my previous company, GTE, in the mid 80's. I was on the staff with him and he lost several thousands of staff members $ with his wonderful advise. Fortunately, I never followed any. His big fall was a company called Anacomp. He's been in Barron's a few times being interviewed by Kathryn Weller. His interviews always start out how he's been wrong about techs bull run. Eventually they will pull back and Chicken Little can claim victory. I agree valuations are a bit high, but when risk free bonds essentially trade at a 16.66 multiple, growth at 30X+ doesn't seem out of wack. His time comparisons lined up with corresponding interest rate multiples compared to market P/Es at the time would be interesting. 1990 was an industry age ago - no internet, no this no that......I don't buy it. I'd rather take advice from Stuart in the Ameritrade commercial - you know, the guy who copies his face on the Xerox machine - than Fred Hickey. He's the insane one. Hardline

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