Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: mishedlo who wrote (23223)	9/8/2002 6:27:31 PM
From: Maurice Winn	Read Replies (3) of 74559

Mis, investors don't need to be too long in the tooth to know that the future of share prices lies in the future, not in the past. Driving a car doesn't work by looking in the rear view mirror and neither does a company. <QCOM keeps making lower lows and lowe highs.> Because a car has been going downhill for the last half hour doesn't mean it'll carry on like that. Looking in the mirror doesn't inform the driver about a hill ahead. Yes, there are many cliches such as 'the trend is your friend', 'fill the gap', 'double topping head and shoulder stochastic chicken bones' and other mumbo jumbo. I prefer boring old fundamental value. Balance sheets, sales trends, intellectual property, market potential, high IQ creativity, honesty, and stuff like that. The main reason I don't want to own gold is that it just sits there. It's a stone age bauble. I'm more interested in what people can do and investing in their future, than clinging fearfully to an anachronism. Mqurice PS: Here's a trend cdg.org I think that trend will last decades longer than the trend you mentioned.

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