Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : WTT-Wireless Telecom. -- Ignore unavailable to you. Want to Upgrade?

To: Richard Estes who wrote (2108)	6/5/1998 12:34:00 AM
From: John Chaffin	Respond to of 2426

Potential earnings and wishful thinking are what make those stocks sell at that price. LU has a P/E of 200+ and is selling at $65-75, I don't think those people are buying LU because of T/A, they are buying it because of the long term potential. There are lots of stocks that way and most are in the tech sector. Why is MUEI selling as such a low price while DELL is/was booming, when MUEI, IMO has a better computer package at the same price? Now I will say that I have not been following Dell and Micron Electronics closely enough lately to compare the companies, other than the stock price and product line, so that could be an irrelevant point. But then of course, we may not agree on this because of your alma mater :-) Roy

To: Richard Estes who wrote (2108)	6/7/1998 5:40:00 AM
From: StaggerLee	Read Replies (2) \| Respond to of 2426

Technical analysis is great, except that it doesn't work, and it's been proven not to work by every reputable business school in the country. :) Once I generated a series of purely random graphs and gave them to a technician, and he argued convincingly that one of the graphs obviously pertained to a stock about to move up. lol. Try it sometime, it's hysterical. Then make sure you see the expression on their face when you tell them the chart movements were generated by a random number generator.