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To: Reginald Middleton who wrote (96)	7/26/1998 5:54:00 PM
From: Lachesis Atropos	Respond to of 253

The problem with FA is that most lay people (and many professionals) do not understand the accounting and economic aspects of the analysis. One of my points that I was trying to make was some parts of FA analysis are based on probabilities that look forward. As is much economic data -- for example the Leontief Economic Model. FA and TA do have similarities. In keeping with with your statement about lay people, many books over simplify both sides of analysis thus readers suffer -- though some believe that through suffering one reaches salvation. Good analysis has a mathematical credibility. I have not a read a mathematically creditable TA book. Many TA authors make plausible assertions that are either very difficult to prove or disprove. So far I have read more incredible than credible assertions made by these authors. As I understand most financial statements, they record things that occurred in history. Companies that are in good financial standing are good candidates for investments. However, hard data is hard to come by. But still one is left to find a way of managing the uncertainty of the future when you lay the cash on the table to either buy or short a stock. A test that could be performed on FA is to pick 100 stocks out of the S&P 500. Do the research on them. Then make a decision as to whether to buy and sell. Watch how they do. (This is what I meant by paper trade.) Then for a base line randomly pick 100 stocks out the S&P 500. If FA has credibility than it should out perform the random picks. I think one will find it very challenging to outperform the random choices. The Motley Fool is doing something similar at www.fool.com Lachesis

To: Reginald Middleton who wrote (96)	9/16/1998 12:17:00 AM
From: Fredman	Read Replies (1) \| Respond to of 253

I want to sell a stock. What the hell is the difference between a 'stop', a 'stop limit', and a 'limit' when SELLING a stock. I know what a limit order is on a buy, but i don't know what these mean on a sell. What i want to do is put some GTC orders in on some micro-caps i own before i go on Vacation, in case they spike while i am gone. probably around 4X what the current price is. also, i know what AON is, what is DNR and FOK ?? I am having real bad brain fade on these 2. i know what they mean, i just cannot remember......i am getting old at 40......... Thanks.