To: Pallisard who wrote (19077 ) 4/8/2000 8:08:00 AM From: Dennis V. Respond to
"Larry's game": wish I knew, but I have suspicions. Zeev is no mystery; he's a fine tactician whom is pretty much stuck in his ways. His abiding principle is to preserve capital, which is another way of saying he tends to caution or nervousness depending on what day it is. He has a system that has worked well for him and sees no reason to change. He measures success by gains(money) and I have to assume that makes him like the majority. Larry thinks it is unfair to measure success by stock price and ignore his carefully constructed rationales. He is winning even though we are making the casheesh, hmmm....don't get it. Zeev projects the future within the framework of his technician's philosophy, and when in doubt, do a little hammering and squeezing to make everything fit. Nothing sinister in this, IMO. He makes some good short term calls and acts on them with his own money. His strategy is a tacticians. However, his tentative projection of a higher stock price is soundly based on market psychology, of liquidity chasing a limited supply. This is not radical but reflects conventional punditry and is probably correct as far as it goes. The other side of the equation is brought to the table by longs who expect momentum based on favorable publicity, including purchase orders, high margins and plant rampup leading to more production. Both are probably correct. I don't see any conflict here, not really, certainly not enough to suggest Zeev is "conspiratorial". Larry, on the other hand, nobody quite feels confortable with, but one must admit he brings a viewpoint to the table and backs it with interesting arguments. In the end, it seems circular though because this game is all about making money, not winning arguments.
