To: joe who wrote (15441 ) 5/7/1998 2:21:00 AM From: Dick Smith Read Replies (1) | Respond to
Plots and hindsight....As Dick Smith showed you with the plots, I'd rather have held COMS than CSCO for last 5 years. "past and we should be worrying about the future. Hindsight doesn't make any of us any money. Clearly, Joe, you know this, as you go on to say "The value of a stock is based on its future earnings potential... " and other things that should have us thinking in the right direction.better to discuss these things, and try to understand what each other is saying, so that we all understand the Street and the World better than other people....better understanding than "The Street" does, but they're much bigger than we are (at least in dollars) and they move the market. This must be even more important for those who are doing short-term things than buy-and-hold types like myself... but everyone who looks at the prices every day, and who gets nervous when the guy on the radio says "the market is really tumbling today" until you get at the real numbers and figure out that it's a lousy 1/2 percent, and the Dow move is just one stock, and tomorrow the radio guy'll say something equally exciting because he has to fill his 5 minutes on the every day or else they'd make him talk about basketball or fire him.enough philosophy for tonight.
