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Technology Stocks : Glenayre Technologies(GEMS)- a pure cellular PCS play? -- Ignore unavailable to you. Want to Upgrade?


To: Jeffrey L. Henken who wrote (2451)1/16/1998 3:56:00 PM
From: Jim Goodman  Read Replies (2) | Respond to of 3431
 
thanks, and good comments....FYI, my decades-back study of "supposed" insider activity's value has found them to be woefully inept at timing specific stock price moves....I was initially shocked to discover this historical fact, but there are many reasons an insider might buy/sell, and without a long tome here, and while nothing is perfect, they seemed to have been far less than 50 % reliable, the last 20 years, often, in fact, selling near lows, the very issues I find attractive down there, most of which work well for me....so, most times, I rarely even put "insider" activity into my decision-making process....just NOT reliable enuf historically to employ...neat....saves time...
anyway, the patterns my "PSYCLE sm" found, go back many decades...and, provided close stops are adhered to, and all emotions removed, one has a real good shot with, for instance, buying many depressed Techs here....you already seem to understand/appreciate, why/that I ignore 95 % of all fundamentals, and media messages....
and, mastering the emotional patterns of people on S.I. has helped
our timing as well, dig ? bottoms are always accompanied by neg. sentiment....period. it is a requirement for lower risk....but most people are not strong nor knowledgeable to take advantage, with stops.
glad you also seem to know this as well, you are certainly above the average...best wishes, have a good long weekend....