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To: Mama Bear who wrote (5250)12/30/1997 12:26:00 AM
From: Peter Goss  Read Replies (1) | Respond to of 27307
 
I'm sure the thread has been over this before but:

SEEK ttm revs 28 million, market cap 250 million

YHOO ttm revs 48 million, market cap 3.3 BILLION

Is the only difference brand awareness or some such squishy asset? SEEK's site is at least as good for searching, etc. Can three pennies of YHOO profit (all on interest income) really set it apart for long? I know the answers to those rhetorical questions; just wanted to give them air.

As someone on the SEEK thread pointed out: today's market cap gains in YHOO represent more than 50% of SEEK's total value. Ain't America great??!!

PG



To: Mama Bear who wrote (5250)12/30/1997 3:16:00 AM
From: StaggerLee  Read Replies (2) | Respond to of 27307
 
OFF TOPIC more TA mumbo

>> I'm always in awe of (his) practically calling the top tick to go short. He is a most talented technician<<

Every study ever done says your "David Koresh of TA" would underperform the market over any extended period of time. If TA works, why hasn't anyone ever published a system that works? Why does every finance doctoral candidate avoid that arena? (Hint: "Because It Can't Be Shown To Work.")

I have a program that allows you to select any random 10 year period of the SPX and use your own TA to buy and sell (at weekly increments, if you like) -- and what I've learned from playing with it is that IT'S IMPOSSIBLE TO BEAT BUY AND HOLD, I DON'T CARE WHAT YOU DO! The more you trade the more you underperform. Period. That stupid little program taught me more than all the theory I've ever read. I wish I'd had it 2 years ago, before I started getting cutsie and got out of stocks.