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

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To: tony cobitz who wrote (3377)	11/18/1997 8:43:00 PM
From: THE DUGGER	Read Replies (1) of 10786

Tony, I love the analogy and, while I agree with what you say, I can't imagine that you would win an argument with Andy Beyer, who has made "lots" of money using "speed figure" handicapping techniques. Of course Andy learned early on that speed figures can, for brief periods of time, give one the feeling of omniscience. This, for the gambler, can lead to enormous losses once the "figure" horses start to lose and other variables become more and more important. A horse player who reduces his handicapping technique to just one variable will inevitably lose, no matter how good he is at determining that variable. I suppose that applies to the stock market as well. There are lots of variables out there, and none of us can know them all, but we make decisions based on the ones we do know. It's good to learn from others whenever they present variables we are not familiar with. Alydar the horse was a hard-trying type who was also very fast. Alydaar the company seems to be a hard-trying outfit that is going through some tough times right now, but which may prevail in the end. Dugger

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