Spectrian Co. (SPCT) Message Board

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Technology Stocks : Spectrian Co. (SPCT)

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To: Sonny Blue who wrote (594)	10/31/1997 12:22:00 AM
From: Pr-Ac Man	Read Replies (1) of 738

Sonny: I also jumped on the "price action is hogwash" bandwagon before the recent SPCT crash. Though I am a firm believer in price action as the best objective indicator of market psychology, in the case of SPCT I felt that it had limited significance. My feeling was that the first big drop was a panic response to misinformation, and that the ensuing instability of SPCT price action was merely a reflection of investor fear and confusion. Looking back, I would have to say that you were right, and I am re-thinking my interpretation of price action. I believe, as you pointed out, that it may reveal more than just investor sentiment, but the slow dissemination of "yet to be revealed" news. It was a painful lesson, but one that I have taken to heart and won't easily repeat. Good call! Scott

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