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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: DarrenS who wrote (2957)4/10/1998 9:02:00 PM
From: Ken Pomaranski  Read Replies (2) | Respond to of 164684
 
<< The stock market is a game. Those who know how to play make
the money. >>

YES!! That is absolutely correct. The stock market is a BIG game,
and if you play by the 'rules' (looking at PEs, P/Sales, etc..)
you will only do as well (or worse) than the market.

The market is NOT RATIONAL. That is a given. Therefore, trying to
impose analysis techniques on something that is irrational is a
BIG FOOLS GAME.

What I do is watch the market, and do what it tells me to do. I
don't ask why or how. I watch and study any and all movements.
Since I've been doing this, my portfolio has returned 463%.
(Since March of last year... about 13 months)

Canstick's (and 99.999% of other people's) problem is that they
try to rationalize the market against completely meaningless stats.
They might as well say: "Full moon today! Short AMZN!!" It just
doesn't work that way.

Good luck!

kp