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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: dennis michael patterson who wrote (27795)1/16/2002 9:04:10 PM
From: TechTrader42  Read Replies (3) of 52237
 
And Dan Niles, who's no fool, suggests that it may not be a good buy until it heads down into the 20s.

As for predictions, people's luck with them always runs out. AJC is a perfect example. There are all sorts of predictions on SI, and people say that certain popular gurus have good records. Most of the records haven't been tested. The reputations are built on a need to believe that there's someone out there who can accurately predict the direction of the market. It's my view that no one can do it consistently and accurately. People hedge on their predictions anyway, so that they're right if it goes to 20 and right if it goes to 50. And they change their predictions daily. My view is that if someone wants you to believe that they can predict the market, humor them kindly and remain skeptical. Keep your eye on your wallet, too, and on the exits.

Check to see whether the predictions are changed, revised or reinterpreted in light of recent market moves.

And there's the matter of when, too. INTC will probably go to 50, but it might take longer than some people think. Then again, it mighter happen sooner than others think.
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