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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (32781)	5/3/1998 11:43:00 PM
From: mike iles	Read Replies (3) \| Respond to of 53903

Larry, <In my world "the market" is always right!> Of course that's true Larry. You're a day trader. What I guess you don't understand is that there's another world where "the market" is usually wrong. It's either too high or too low. I recently had the great of seeing two of my longs double in literally days. Been holding them for months and then they double in days. Now was the market 'right' the week before they took off?? Was the market "right' when MU was trading at 90, when it dropped to 20, bounced to 60 etc... For you it's always right. For me with MU at 30+ it's like shooting fish in a barrel. It's a different world and you're right there is ego involved. I don't believe the market's efficient. What's the standard tome one's supposed to read ... "The Behaviour of Crowds" or some title like that. The market is emotional, it's not efficient at all. If it was why would Oracle trade at 30 one day and 20 the next. There must be at least 50 ysts that follow it. Huge market cap... why the discontinuity? By the way, we're going to see the same discontinuity with mighty MU. And I'm sure you'll tell me that the market was right the day before and right the day after. Larry, we're in different worlds. At least I recognize that yours exists. It doesn't appear that you can see mine ... so who has the ego problem?? Bet it's HAL ... never did trust him after the movie (g) regards, Mike