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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: StockDung who wrote (81153)10/24/2002 2:41:27 PM
From: David Lawrence  Read Replies (2) of 122087
 
>>July 28th, 1999 Elgindy forcasts Bear Market and carnage to follow

Let's see. The Nasdaq closed at 2705 that day. It topped out at 5046 the following March 9th. An 86% run in less than 9 months. A lot of money was made in those months.

>>[AMZN] High of 210 currently at 100 and In my opinion will slowly drift loweer and lower making new lows for the next 6 months.

Six months later, AMZN close 17% higher than its close on the day of his prediction. In the interim, it encountered a closing high 102% greater than the price on the day if his prediction.

Perhaps I missed your point. Oh, sure, he was eventually right, but even a broken clock is right twice a day.
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