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To: Charles Tutt who wrote (1301)7/12/2002 2:06:55 PM
From: PCSS  Read Replies (4) | Respond to of 4345
 
< ... some of it is organized>

In pockets ... but I believe their overall experience/learning process (over the past 6-18 mths) just amasses any move --- sort of like a snowball rolling down a hill

DANGEROUS though !!!!!!



To: Charles Tutt who wrote (1301)7/12/2002 2:26:54 PM
From: The Duke of URLĀ©  Respond to of 4345
 
Hmm. Remember when JJ Cramer used his "Buzz and Batch" characters to describe how many of the go-go funds would bid the price of the latest "hot" company back and forth and always up.

What Art may have been describing is this sort of "Amway Syndrome" among individual traders, in other words, if you down line is big enough, you can move the market, and it is the tail end of the chain letter that looses.

THIS WOULD CERTAINLY FIT THE MENTALITY OF A VAST NUMBER OF PEOPLE I HAVE EVER MET WHO ARE ACTIVELY INVOLVED IN THE STOCK MARKET.

They have been [allegedly] a few of those on SI.

This would explain these day to day kind of "fad" movements, but it should not be "scary" because it will not alter the intrinsic value landscape, in the longer run.