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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Ploni who wrote (4394)3/7/1998 9:39:00 PM
From: Pancho Villa  Read Replies (3) of 18691
 
CSS >Five weeks ago, someone could have looked at YHOO's pullback to 58 and shorted it, thinking he'd be in on the rest of the correction. But the stock's up 38 since then.<<

You got it! That is why academicians say the stock market is a random walk with a positive drift of about 10-12%/year on average. This is why many people take technical analysis with several grains of salt.

Pancho
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