Frank, <Why would anyone take Kurlak .. seriously. Merrill doesn't
know tech any better than the next guy.>
They do not need to know tech or chemistry: a Cola
(or Pepsi?) marketing guy can lead a tech industry,
you know that... You may not take Kurlak seriously,
but look: on INTC, every second at least 10 trades
happen, 200-1000 shares, or hundred thousand decisions
are made per day. All this is about psychology, not
technology. Each decision is a result of
personal balance of internal FUD, expectations, and
external limited information, including guesses on
how your concurrent could assess the same
misinformation... The guys like Kurlak or else have
a tribune to talk and influence these decisions...
Now you should guess which way the crowd will go..
The bigger problem is that they trample that way
before Kurlak has a signal to talk up or down,
and even a small statistical misbalance makes big
money on the MM scale.
This is my theory again:-), take it easy.
Ali |
