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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Dale Baker who wrote (16788)1/9/1999 11:24:00 AM
From: James H. Williams  Read Replies (1) of 18691
 
Anyone who is making money isn't stupid. I just think that some people have unrealistic expectations for their purchases, leading them to pay too much and hold too long assuming a "bigger sucker" will always come along. Well, eventually, there is no bigger sucker. But then that's always true at any price level and for any stock since the stock market is basically a zero-sum game as far as I can tell.

I think the reason people (who want a stock to drop) whine about how absurd the price levels are is the same reason longs whine (I know I have) when a stock drops to absurdly low levels for no apparent reason. Because it's not doing what you want/think it should, and that's frustrating.
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