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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: mauser96 who wrote (16886)	1/31/2000 11:57:00 PM
From: Mike Buckley	Respond to of 54805

Luke, Mike, reading between the lines of your post ' I get the idea that you think the market is mostly efficient most of the time, but becomes inefficient at extremes and times of crisis or panic. Instead of "mostly" efficient, I would change that to "most" efficient. In context, that change would render the following: the market is most efficient most of the time, but becomes more inefficient at extremes and times of crisis or panic." These volatile times create more extremes in shorter periods of time, making the market less efficient more often. I do agree with you that the discussion needs to be limited to a discussion of specific stocks as opposed to the market in general. --Mike Buckley

To: mauser96 who wrote (16886)	2/1/2000 4:02:00 PM
From: 100cfm	Read Replies (1) \| Respond to of 54805

<<Almost everybody now agrees that the QCOM*ERICY deal was a seminal event in the QCOM story. If the market was efficient the price would have completed it's climb in seconds. A study of the thread at the time shows that different people reacted in different ways and at different times so delayed the full runup. This wasn't efficient. This also shows that these rare periods of inefficiency are good times to make money.>> Lucius, today is a perfect example of your statement above. China deal is confirmed today and Q is up modestly and as unbelievable as it may seem there is still almost double the sell orders then buy orders on island. There is a huge inefficiency in the market regarding Q today. A great time to make money! As far as the masses getting the GG philosophy, today is proof they don't. 100