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To: Charliss who wrote (13052)	6/14/1998 7:51:00 PM
From: RocketMan	Respond to of 50264

Mmm... now that's interesting. A quantum mechanical theory of investing. I suppose if you never look at the ticker your stock is both a moon shot and has tanked, and everything in between; it's only when you look at the ticker that it assumes a price :-) Actually, I used to naively think that penny stock prices responded directly to company fundamentals, now I realize that in the short term they are mainly affected by social group pschology (thus the cost-effectiveness of paid shills). Fundamentals count, but only in the long term, which supports the concept of buying an undervalued company and holding.

To: Charliss who wrote (13052)	6/17/1998 5:55:00 AM
From: Spytrdr	Read Replies (1) \| Respond to of 50264

Excellent post, Charliss! ___ message from Charliss Dolge on Jun 14 1998 5:54PM EST For anyone who might be interested in general market theory....an excerpt from a speech by the great investor and humanitarian, George Soros. I have also provided a link for this speech in its entirety. "...It may seem strange that a patently false theory should gain such widespread acceptance, except for one consideration; that is, that all our theories about social events are distorted in some way or another. And that is the starting point of my theory, the theory of reflexivity, which holds that our thinking is inherently biased. Thinking participants cannot act on the basis of knowledge. Knowledge presupposes facts which occur independently of the statements which refer to them; but being a participant implies that one's decisions influence the outcome. Therefore, the situation participants have to deal with does not consist of facts independently given but facts which will be shaped by the decision of the participants. There is an active relationship between thinking and reality, as well as the passive one which is the only one recognized by natural science and, by way of a false analogy, also by economic theory."