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Technology Stocks : Information Architects (IARC): E-Commerce & EIP

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To: tech who wrote (2608)	9/26/1997 6:28:00 AM
From: Jeffrey S. Mitchell	of 10786

If investing were pure mathematics, I think many of us would be spending our time talking about our favorite T/A software programs rather than our favorite stocks since the software would simply tell us where and when to invest. I'm glad your T/A from SuperCharts and AIQ seems to help you with Y2K stocks. As an aside, check out this attempt at attempting a "fully automated" stock selection advisory service: vectorvest.com Sorry, I'd rather take my advice from a person whom I trust for doing their own thorough DD. I think all that Investing 101 would tell you is that the key to understanding price movement -- for NASDAQ stocks -- is understanding how the MMs perceive the action. Chapter One would probably say, if you'd rather deal with a computer, buy AMEX and NYSE stocks. A prerequisite for NASDAQ Investing 101 would probably be Psych 101 (gg). You and I both know that even looking at a Level II machine it can be difficult to figure out just what is going on with NASDAQ stocks all the time. A while back I posted about an ALYD investor that personally bought 50K shares in a short timespan and watched the price go down during that time. I bet for every example I could give you about why a stock should go up based on a trading pattern, you could give me an equally compelling reason why the stock should go down. FYI, from what I hear, if you compare all the spreads of all of ALYD's MMs, you may be talking a whopping 4 points at a given time! My interpretation of why the ALYD investor was happy about the volume on Wednesday was because it showed there at least appeared to be some decent buying taking place to stabilize the stock after the Denver investor sold off his position. Today's volume and price movement seems to validate that opinion. Most importantly, since neither you or I or anyone can be 100% sure what is going on behind the scenes, everyone's opinion is equally valid here. To admonish someone to take a course in Investing 101 is inciteful, not insightful, IMO. Let's try not to get too personal, OK? Thanks. - Jeff

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