MAVERICK TRADING SYSTEM (tm) Message Board

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Strategies & Market Trends : MAVERICK TRADING SYSTEM (tm)

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To: John Crovelli who wrote (726)	4/29/1997 12:06:00 PM
From: wmwmw	of 759

BXMNF, One fact affecting the stock price is a rate at which average people are willing to gamble. That is, a price level at which when people buy, how much they may lose if there is no gold, and how much they gain if there is gold and they are willing to risk. In the past days, the stock price can't hold at this level due to many factors. Besides information influence, there are two major factors: the institutional selling beat down the price. Institutions make buy and sell decisions based on their pre-set policy and they don't care sell at the lower price( If they sell later they may get a better price, but they don't care. The only thing they care is to stick to their policy.) The second factor is people's psychology. In a situation with high uncertainty, people's psychology force always adjusts stock price downward, far below that gamble rate. But as final announcement is getting near, the stock price will adjust upward back to that gamble rate. I think that price level is above the present price. That is why I can hold on to the stock for a long time. ( That is really a long time for me.)

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