Boca research - Reawakening? Message Board

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Technology Stocks : Boca research - Reawakening?

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To: Leo Francis who wrote (473)	8/20/1997 11:36:00 AM
From: James H. Williams	of 640

You're right..I should revise my phrase to "somebody must THINK they know something." Obviously, every decline has before it a rise (or there'd be no place to decline from), but that doesn't mean the buyers were wrong at the time. They proved to be wrong in retrospect (hindsight, 20/20, etc.). I guess my point is that as long as the stock rises, no matter what the reason, it is good to be long. When it starts to fall, justified or not, it is good to be short. Being short (or long) ahead of time is of limited benefit unless the reversal is drastic and quick. How's that for a blinding flash of the obvious? :)

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