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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (121855)	8/6/2000 5:49:42 PM
From: Bill Jackson	Respond to of 1573988

Alighieri, I would not attribute such complex patterns to a primitive of simian ancestry. Original thought....never!! Apelike patterning, yes, I will grant that. And that is what I feel TA is. Now if you know it is a fraud, you can still profit by cynical use of the path taken by the herd. If they are all calling for a sell, well you better be short and ready to cover, along with all the other shorts who cynically use TA. In fact if enough people use TA cynically they will defeat it's effect and it will become a random chaotic situation. Stocks with large floats that trade tens of millions/day with average sized blocks might be immune to TA as there will be so many different TA interpretations out there as well as so many people trying to take advantage of the situation that pure chance will govern. Look at the random walkup/down of many stocks that trade volume. It is program trading accentuating things? TA gurus saying this or that? Beats me.?? Bill

To: Alighieri who wrote (121855)	8/6/2000 5:56:33 PM
From: Monty Lenard	Read Replies (1) \| Respond to of 1573988

I have said before. I could care less what you people do with the stock or any stock. You do not move markets. You are a herd though and this takes care of everything. The last sentence was written with the sheep in mind. "When the bloom wore off the boom, some of the promoters found themselves in need of help from experts in stock salesmanship. When the public is hung up with all kinds of securities, some of them purchased at higher prices, it is not an easy task to dispose of untried stocks. After a boom the public is positive that nothing is going up. It isn't that buyers become more discriminating, but that the BLIND buying is over. It is the state of mind that has changed. Prices don't even have to go down to make people pessimistic. It is enough if the market gets dull and stays dull for a time. In every boom companies are formed PRIMARILY if not EXCLUSIVELY to take advantage of the public's appetite for all kinds of stocks. Also, there are belated promotions. The reason why promoters make that mistake is that being human they are unwilling to see the end of the boom. Moreover, it is good business to take chances when the possible profit is big enough. The top is never in sight when the vision is vitiated by hope. The average man sees a stock that nobody wanted at twelve dollars or fourteen dollars a share suddenly advance to thirty-which surely is the top-until it rises to fifty. That is absolutely the end of the rise. Then it goes to sixty; to seventy; to seventy-five. Whereupon the average man, who never thinks of values but of prices, and is not governed in his actions by conditions but by fears, takes the easiest way -- he stops thinking that there must be a limit to the advances. That is why those outsiders who are wise enough not to buy at the top make up for it by not taking profits. The big money in booms is ALWAYS made FIRST by the PUBLIC -- ON PAPER. And it REMAINS on PAPER!" Monty