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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: agent99 who wrote (6813)3/23/1999 8:45:00 AM
From: brichard  Read Replies (1) of 12617
 

Tuesday, Mar 23 1999 8:42AM ET

Off topic, going in a different direction.

Here's a general question that applies to the very volatile internet and tech stocks or
to any stock that has a repeating, "rolling" pattern.

Pick a stock that runs perhaps from 6 -18 dollars/share in a few days or a week, based
upon some good news, etc. Then there's a sell-off for profit-taking and the stock price drops
quickly over a day or two back to 6 - 8. Then a period of consolidation. Then from 8 - 18.

Here's my question:
WHY does this repeating pattern ever stop.?

Since the whole market and especially the internuts are vastly over-valued by traditional standards
and the price swings are all based upon group dynamics and psychology. Why doesn't the group of traders/
investors interested in the stock ride it up and down and up down and up and down FOREVER. Each time
getting a slightly wider range? (6 - 18 - 8; 8 -19 -9; 9 - 20 -10; 10 - 22 -12, etc.)

brichard
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