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To: mauser96 who wrote (2524)	9/10/1998 8:07:00 AM
From: growthvalue	Read Replies (1) \| Respond to of 3424

Why do you think I disagree with you? Sorry if I've been confusing, but you don't need to convince me. I already said that I don't think the market is a random walk. And if you re-read what I just said I wrote that the statistics used to support the random-walk theory by a professor of mine were sketchy because they were adjusted using definition of risk that I think is flawed. You are preaching to the converted. Although I do disagree with this: "a stock that goes up wasn't risky, and one that went down was risky" Risk is forward looking. Betting on a long-shot is risky whether you win or lose. Regards.