WCOM Message Board - Msg: 14471037

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Technology Stocks : WCOM

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To: BWAC who wrote (7803)	9/28/2000 8:46:51 AM
From: OldAIMGuy	Read Replies (2) of 11568

Hi B, This window dressing crud has become insane, deceptive, distressing, and excessively disruptive to the market. Yes, and profitable for those who play the opposite side. David Dreman first wrote about this activity in detail in his book "Psychology and the Stock Market" in 1977, I believe. It's a great book on exactly this "Herd Mentality" type of activity. aim-users.com has my quickie book review on this. It's still one of my favorites and I re-read it for some sobriety periodically. If the teleco's quit buying, the equip guys' stocks will suffer giving us a chance to buy them at fair prices again. One nice thing about the telecos is they also move as a herd. I owned DIGI (DSC Communications before being purchased) from about 1986 on and watched its boom/bust cycle follow on the heals of the telecos' announcements of suspended orders and order releases. Amazing! Best regards, Tom

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