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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year
PSFT 0.00010000.0%Oct 29 5:00 PM EST
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To: Chuzzlewit who wrote (2234)9/18/1998 8:12:00 AM
From: Eddie Kim  Read Replies (1) of 4509
 
Chuzzlewit,

I know we've had this debate in the past...numerous times. The market can be predicted. Maybe just 60% of the time, yet that means in the long run one should come out with a profit.

I have a good friend who is a trader on the NASDAQ. I asked him about the book, "A Random Walk Down WallStreet." Its essentially a book that says the market can't be predicted thus it's random. My trader friend laughed at me and said that's total BS.

The market is a reflection of people...yes PEOPLE. I don't see you mocking psychology, which tries to understand the motives/actions/behaviors of people.
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