SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : PSFT - 1997 Outlook [closed thread]
PSFT 0.00010000.0%Oct 29 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Chuzzlewit who wrote (813)1/28/1998 9:06:00 PM
From: Don S.Boller  Read Replies (1) of 940
 
Paul: I AGREE WITH A LOT OF WHAT YOU SAY, BUT......
not all. Certainly many "method" or system plays are back
posted - the method is devised after the fact - to explain
what happened. It is also true - that over the short run -
the market is a random walk. However, over the longer
term (a year or so) the RIGHT KIND of TA will point out
patterns of accumulation & distribution which tend to obey
the (if I recall corr.) first law of motion = things in motion tend
to stay in motion; things at rest tend to stay at rest. If you
will get out your Securities Research - long term log charts
you will notice some persistent trending stocks that were strong
(it's been a bull-game for a while) for years. The error in my
opinion comes from trying to pick the direction of the tide from
watching each wave and where it hits the shore (a random
walk? No doubt). But High & Low tides are NOT random.
Yes, I know....storms and the like can reek havoc on the
effect of tides. Well, I'll just end by saying that Warren Buffet
and Peter Lynch have made jillions by betting on long term
trends. Traders??? As an ex-broker - I never knew even one
that consistently made money. And, the tax stuff you pointed out
is right on. Plus the traders get caught in "switches".
BWDIK
Best,
Don
(p.s. my thread Market Trends & Strategies - let's make REAL
MONEY - while inactive now - has severral posts from me to
further bolster your thoughts).
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News