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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Vitas who wrote (19642)6/2/1998 6:29:00 PM
From: Monty Lenard  Respond to of 94695
 
<Ever hear of Joe Granville? He used to say "what do earnings have to do with the stock market?" Answer: "NOTHING">

This market has sure proven him correct on that point. But what that says to me is that funnymental analysis has no place or did I miss something?(Guess thats how I missed the run since January, now that I think about it. <ggg>)

Monty




To: Vitas who wrote (19642)6/2/1998 10:43:00 PM
From: robert b furman  Read Replies (1) | Respond to of 94695
 
Vitas touche ! In 1996 I unfortunately held and owned cohu - All it did was make more money and all it did was go down.I have a fine collection of general margin call letters that span 10 days and over 80,000 of "fresh cash needed ". I humbly keep them on a bookshelf over my left shoulder as a reminder of how FA right I was and how wrong I was in the marketplace.

As Rod Stewart sang"I sincerely believed I was so complete - Shows how wrong a man can be "

I now have a much humbler awareness of my market inadequacies , and by the way , I have redefined my concept of what Bullet Proof means

In summary I deduce you have a real appreciation and understanding of the marketplace concept of " SUPPLY and DEMAND "

Many a " violated post " is getting their education on the cruelties of this real world marketplace phenomenon - this week .