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Strategies & Market Trends : Waiting for the big Kahuna
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To: James F. Hopkins who wrote (30190)10/5/1998 12:56:00 AM
From: Bull RidaH  Read Replies (2) of 94695
 
Greetings Jim,

Your thoughtful analysis proves once again that the "efficient markets" theory will only fly in the classroom, where no one with real experience can refute it. However, the inefficient pricing of equities DOES provide tremendous opportunities from time to time. But of course, it's a Big Game of chicken...or Liars Poker...whichever you prefer. When will they take the stock to its fair value, and will you have any $$ left when they do. It's just like trying to survive in the wild, but we have far more enemies to face in this business than mother nature can muster.

Here's to our survival,

David
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