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Technology Stocks : Corel Corp.
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To: Kashish King who wrote (8402)1/1/2000 8:33:00 PM
From: Thomas A Watson  Read Replies (1) of 9798
 
Rod, what do we disagree on? I agree with everything you said in post 8402 and I assume that you believe that the earth is centric and believe that anyone who believes in astrology is just plain stupid. Well I do. I also posted publicly on several previous occasions that I also use someone's views on the pending Y2K doom bugs as a litmus test of stupidity or technical illiteracy.
But Rod, the purchase and sale of securities is not based on what they are worth, but what people think they are going to be worth. The holders of securities do not become aware of information all at the same time and even if they did they would not react the same to the information. So to me technical indicators in many situations can be used to gage public opinion and thus can be used to suggest with better than 50/50 accuracy the trend of a securities price. I actually think that the increased liquidity of the internet is making information available to more faster and thus mis and over reactions are more common and thus technical indicators can be used to make even more money. This is not risk free.

But no, I don't think a set of equations can be mechanically put into effect and applied to any old stock at any time come up with consistent wining predictions. But trading systems can instantly identify stocks in particular patterns and a smart human can use this information for profit. There are big players in the market and technical indications abound that indicate when they are on the move.

Now for you corl folks.... PC-mag review of Corl Adobe Photo Deluxe 4.0 zdnet.com

But if you want to know why Applix technical indictors will continue to indicate an uptrend, Read who said.... Message 12436090 "The Internet is like a virus. It's infecting every corner of the globe, and it's going to infect
every aspect of our Lives."

Tom Watson tosiwmee
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