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Technology Stocks : Information Architects (IARC): E-Commerce & EIP
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To: Mad Monk who wrote (580)6/28/1997 2:57:00 AM
From: Mike Winn   of 10786
 
Mr Monk,

I use another contrarian indicator to spot the waves and it is this SI board.
I notice that when there are a lot of posts about a particular stock
and they are mostly positive, the stock is about to hit the peak. This
is because when people are positive about a stock, they must have
already bought all what they can and they are going to sell in herd at
the slightest sign of a correction. I think, judging from the posts on
this board and with the assumption of no news in the near future, we have
hit the peak for ALYD at 23.

Then as the stock price drops slowly and when people on this board start
to have doubt that the stock will hold water and there are a lot of
pessimistic and negative posts on this board, we will then hit the
bottom of the correction. I don't think we have yet reached the bottom
for the correction of ALYD yet judging from the enthusiasm from posters
on this board.

I notice that there is almost no post on the IMRS board and yet the
stock price keeps moving up. Investors on that stock are so confident
that they don't even bother to repost the latest news for IMRS. This
is a contrarian indicator that the stock will climb up further.

Mr Monk, I value your comments.

Hugh Winn.
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