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Non-Tech : Dorsey Wright & Associates. Point and Figure -- Ignore unavailable to you. Want to Upgrade?


To: Rich1 who wrote (7822)5/12/2000 8:44:00 AM
From: Tommy Dorsey  Read Replies (2) | Respond to of 9427
 
Rich human nature is interesting. The dentist might be more upset about the 1mil he did not make over the 600m he actually lost. The calls are coming in now, AGAIN, about what we might think about RMBS, JDSU etc. Investors are now playing double up to catch up. If you look at a chart like AVP and take off the name, it will make your eyes roll like a cash register. Put the name back on and all an investor can see is lipstick, or perfume. When one thinks of RMBS one thinks of the days of yore when the stock made some people rich. Not many remember the stock was at $460 and someone owned it there, and it's now $180. Others watch GE go to $70 to $150, it was too expensive at $70 but now that the stock has split 3 for 1 and is at $50 they think they are getting a $20 savings from the presplit $70 that was too expensive. Investor psychology is incredibly interesting. IN a nutshell investors are trying to get their money bakc and are willing to jump right back into that same frying pan. With a little luck we'll get a good summer rally. Is it summer yet Rich? T