Your Worst Trading Enemy.. You Message Board

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Strategies & Market Trends : Your Worst Trading Enemy.. You

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To: ArnieC who wrote (91)	1/18/2001 5:58:43 PM
From: shawnwolff	Read Replies (1) of 223

To: Re: Analysts This is just my opinion, but... I think it was Paul Harvey who did a test where he took 9 Wall St. analysts and a wind up Santa. The Santa he would start up and whatever stock it landed on, they chose. The Santa wound up winning every analyst hands down. What I am saying is, it isn't the analyst or what he thinks that moves the stock, it is the crowd's reaction to that analyst that will move the stock. So the trick, in my opinion, is not in following the analysts, but in following the reactions. Learn to identify reactions. Those are what you need to fear. And the thing about stocks, again in my opinion, is that they are only worth what the crowd thinks they are worth. The entire stock market is based on perception. A stock can have no earnings, as we saw during the internet hey-day, and still climb to astronomical proportions. A stock can have good fundamentals and still remain ignored. So good fundamentals are no guarantee that those fundamentals will be rewarded by the market. So I hold a philosophy of "playing what I see, not what I want to see". - Shawn

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