Victor:
You wrote..
To: +fooledalot (43837 )
From: +victor Sunday, Jan 17 1999 5:00PM ET
Reply # of 43844
Fooledalot: I think your conclusions about COMPAQ's prospects are cogent.
As for FA, I think that it deals with a sub-category of business - namely, ROI. Essentially, it attempts to establish probabilities from a ROI analysis of the past behaviour of stocks and by looking at tea leaves about the current/future business climate. But the language and style of some of its practitioners gives the impression that it deals not in probabilities, but in certitudes.
In an abstract sense I can accept that it is rational to attempt to refine a system of prediction based on probability and reading of tea leaves, but in real life, there are some many unforseeable variables that can render predictions void, that the effort hardly seems worth it. If those who labour over the esoteric language of FA would just spend the time and effort understanding the human behaviour vis a vis stock trading, they might do better.
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I usally decide what to buy based on FA but when to buy is mostly based on TA. So, you see I am in both the camps. In other words, I do not want to p**s off the gods of FA and/or TA.
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About the contributions to PBS, yes I have seen it meet its goal, quite a few times. When we lived in San Jose, KCET, PBS station in San Fransisco, used to pre announce the goal (the dollar figure) and ask people to send in the check early. As soon as goal was met, they will cancel the rest of the pledge week.
Regards,
Satish |
