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Technology Stocks : Texas Instruments - Good buy now or should we wait? -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (2647)	12/25/1997 7:49:00 PM
From: JPR	Read Replies (2) \| Respond to of 6180

Mr.Larry Dudash: >Paul The above type of TA is useless ! Try running some probability studies on past data !> Mr.Larry Dudash: Thanks for your answer. I have been rather successful with my down-to-earth TA and other simple methods such as buy-low-sell-high strategies. I am not going to enumerate my successes with TA studies that I mentioned to you. There is nothing wrong with probability studies . It is not be-all-and-end-all, as you seem to imply. The probability studies, as you said, cannot forsee major turning events in the life of a stock and company, such as death of a CEO, New Product development, new CEO, advent of better product in the field and so on and so forth. You probably heard of an oft-quoted statement that past is no guidance to future. Past data has a place but does not tell the future. I am for here and now. What makes me worry about your advice is that probability studies are the beginning, the middle and the end of any stock evaluation. You were rather professorial and authoritative in your answer in prescribing and dictating in bold letters your recipe. I am willing to learn and try, but not at the expense of true and tried methods, which work for me. Your recipe may not be good for my health and wealth. When something works for me, why should I fix it. TA tells me very well where the entry and exit points are. Forgive me if I behaved like a pompous ass in my post to you. Ever so humbly yours, Please do not reply to this letter. Paul Paul