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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: BGR who wrote (71165)	11/30/1999 2:01:00 PM
From: Michael Bakunin	Read Replies (1) \| Respond to of 132070

Mmm, beer. <g> I think your analogy is apt: it is true that the judgement of beauty by the individual tends towards the purely subjective. However, the judgement of beauty by the aggregate, and by society in particular, is anything but. There are any number of studies that indicate humans have hardwired responses to appearance, and that societally-accepted 'beauty' has objectively measurable, positive effects for the individual. My judgement of RHAT stock is subjective, but the aggregate judgement of same should not be. Just as the aggregate judgement of beauty may be questioned, I question the market price of RHAT. -mb

To: BGR who wrote (71165)	11/30/1999 2:58:00 PM
From: Mama Bear	Read Replies (1) \| Respond to of 132070

BGR, would you care to comment on ADSP's recent price fluctuations? Last week ADSP had a range between 3.53 and 57. Today (now) the market thinks that ADSP is worth 13. Can't a reasonable argument be made that the market has gone bull goose looney based on such ridiculous price swings? I don't understand how a price swing of 1500% in a couple of days can be said to be 'efficient'. ADSP made no revolutionary breakthrough, didn't cure cancer, aids, or old age, and in this specific case, all of the news was out well in advance of the price swing. Was I wrong to think that the market had inefficiently priced ADSP and to short it? Now, I could see an argument of exception if this case were an anomaly, but this fluctuation is not all that exceptional in the recent environment. Regards, Barb