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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Stattrader who wrote (48857)	2/26/1998 12:19:00 AM
From: Gordon Hodgson	Read Replies (1) \| Respond to of 186894

TA of charts is neither better or worse than a monkey throwing darts. I made my first margin buy of Intel the first trading day of 96 @58 when after noticing how over the last 10 years Intel had shot up from it's winter low to it's high within the first 120 days of the year something like 60%+ percent, and with only Intel stock couldn't buy more,so hocked my Intel bought more and then sold the margined stock unfortunately after it went up 50%. Wished i would have just kept paying the interest on the margin debt but, oh well. Anyway I don't know if I used TA or intuition, or my common sense 9 year old daughters(120shares) philosophy of buy low and sell high, all I know is that buy and holding people do better than 90% of all traders, or so the statistics i read once said, I know I would have been better off just holding after trading 830 shares of MSFT I had the first week they went public. Woe is me to have to always remember that. Gordon

To: Stattrader who wrote (48857)	2/26/1998 9:45:00 AM
From: Jim McMannis	Respond to of 186894

Stattrader, I agree with you. It never ceases to amaze me how hard headed and closed minded some of these Intel investors are. I guess they think everything goes up all the time like Intel. <G> Jim

To: Stattrader who wrote (48857)	2/26/1998 7:59:00 PM
From: David S.	Respond to of 186894

Stattrader, The simple answer to TA is there are 2 answers. One, most if not nearly all TA is nothing more than reading tealeaves in a sophisticated manner but without true value. Some pattern was previously identified, it takes on arcana because someone puts stock in it, it becomes gospel, and then life fools you and it doesn't work when you put real money on it. Most TAs justify their intuition with TA but actually follow their gut. Like everyone that prays to some deity, their prayers are ignored. TA then gets and deserves a bad rap. ..Two, there is actually a science of TA out there and a few know how to use it to make $$ much of the time, if not consistently. By increasing the odds and by doing a lot of bets, over and over, they can win with some statistical predictability. Isn't that what programmed trading is all about? Big bucks are being spent and big profits can result, but this stuff is proprietary, hush hush, and the average Joe's TA is no competitor. Maybe you were involved in such an operation and you learned a few principles that could be applied outside the big CPUs. More power to you. However, this is only useful if the proportion in the know is small. One it gets out, the edge is trimmed by the lemmings running all over you. If it works, keep it to yourself. No one will ever believe you anyways. ..Final answer, TA doesn't work as far as the public is concerned, they are right, and you are right, but you will never get any respect. Regards, David S. Long on Intel and Iomega

To: Stattrader who wrote (48857)	2/26/1998 8:13:00 PM
From: Bob Kimball	Respond to of 186894

Stattrader - come over to the Intel Trader board. You'll get respect and a worthwhile discussion there, more likely. For anyone else with an open mind: There are (at least) three valid investor styles: fundamental, technical, and trader. They all can work in the right place/time. Fundamentalists dominate these boards because they like news and arguing with each other over specs and competitive developments... which really is all you can do if you are a long-term buy/holder but want to be "active". Technicals (TA) like to assess risk/reward odds of prospective trades and mostly go about their business quietly, which is the best way to win in the market, IMO. The trader style works if you have really good inside pipelines to boardrooms and trading floors. You need to be "swingin' in the trees" to win that way, and you know who you are if that's your MO. Live and let live, I say. Why disparage someone else's investing style? Do you gain anything by shutting off discourse?