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To: Jerry A. Laska who wrote (109342)	10/2/2000 2:40:04 PM
From: Slumdog	Respond to of 164684

>>sold everything reasoning that if shoeshine boys thought they could make money and had insight into the market that the market was too popular and too overextended.<< Jerry, Thanks. This IS odd-lot theory. The odd-lotter is usually the small investor who accounts for only a small percentage of total stock trading, yet whose habits form a good guide to market behavior. The odd-lotter is assumed to be a follower rather than a leader. The theory is that the odd-lotter always believes the market will continue to act as it has in the recent past. He does not enter a bull market until it is well established, and therefore misses most of the rise. Once in, the odd-lotter buys heavily on dips, believing the market will continue to rise. Got that, Ike?