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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year -- Ignore unavailable to you. Want to Upgrade?

To: V3 who wrote (2899)	10/20/1998 12:11:00 PM
From: Uncertain Walker	Respond to of 4509

Robin: You said "I am a physics major which has nothing whatsoever with the financial market. So please do pardom me if, at anytime, I do sound naive, clueless, or downright stupid. I am, after all, a rookie" In fact, physics has a lot to do with financial market. The evolution of stock price is the same as Brownian motion that you studied in statistical mechanics. The Black-Sholes formula for option pricing assumes that stock price follows Wiener (Stochastic) process which was used in physics to describe Brownian motion (the motion of a small particle when subject to a large number of bombardment by water molecules). There are many physicists working on Wall Street, designing models for risk control. Physicists are good at studying evolution of events in the physical world, and the financial market is about the evolution of prices under various influences (or forces).

To: V3 who wrote (2899)	10/20/1998 12:13:00 PM
From: Melissa McAuliffe	Respond to of 4509

Robin, << So please do pardom me if, at anytime, I do sound naive, clueless, or downright stupid. I am, after all, a rookie.>> I actually don't think you are any of the above so I hope you didn't take it that way. I don't nearly understand this like I'd like to. As I said I've learned a lot about the market manipulation recently and my only goal is to use it to my advantage vs. being taken advantage of. Whether I'll be successful at this remains to be seen. But success to me isn't even defined by whether I make money. It's simply not losing money due to the stuff that occurs in the market....For now, that's enough for me. BTW, I used to be able to trade PSFT. And it was actually a very good trading stock. But once it started moving down I stopped trading it because I don't trade well when a stock is in a downtrend. Hopefully the downtrend is over but I still want to see what happens tomorrow. So all I can say is that's great that you're making money. Just don't get blindsighted when you're short term.. It's so easy to do....(IMHO).. Melissa