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.

Non-Tech : Cendant Corporation (NYSE:CD) -- Ignore unavailable to you. Want to Upgrade?

To: blankmind who wrote (1573)	8/14/1998 8:38:00 AM
From: VALUESPEC	Read Replies (1) \| Respond to of 3627

Any analyst who doesn't like this stock would appear to be silly in my eyes. This is a great company with a great outlook. I usually buy/sell small caps. This was my first large play on a larger cap. Some will tell you that the markets are efficient. Based on what happened here, with CD, I would say that the markets are moved not so much by fundamentals, but by fear and greed. Fear and greed do not make for efficient markets, IMO. Many funds aren't buying/selling CD based on relative fundamentals; Rather, they are investing based on trading principles. I am a trader, so I am pretty sure this is what I'm seeing. Are they going long on significant positions, and then shorting significant positions, playing the swings (or making them)? I think so. I would love to see Fidelity's books. I'd love to see how much trading they are doing. Funds like that have the power to move the market at their will. Ok, enough for ValueSpec's musings. CD: $ 16.50a VALUESPEC valuespec.com