To: Andrew who wrote (41 ) 12/4/1998 7:47:00 PM From: William Harvey Respond to
Andrew,Wouldn't you add at a sign of weakness? I actually meant pricewise but I should have added volume too. Notice all this week, the volume has dropped one half of the day before and today it was one third of yesterday. I refuse to believe that the move this week was solely accounted as an internet play and there is indeed an awakening going on in the Christian music field.What will they do to increase top line growth next year?? I believe that a 10% rise in revenue increases the profit margin by 15%. It's not clear to me that the top line is as important as net return. If I'm right and we're at the beginning of a movement, then we will still need a certain amount of luck. Focus on the movement and you lose sight of the company and, focus on the company you lose sight of the movement. You might want to talk to the company about their current strategies; they can help you.'Extraordinary Popular Delusions and The Madness Of Crowds' , by Charles MacKay. Though it's over 130 years old it's a classic and has been cited on CNBC and Wall Street Week . It's a huge book that covers mass beliefs, like the tulip bulb mania, the South Sea bubble and the advent of the Crusades around the year 1000. The new millennium created a rise in spirituality and the need for the Crusades. It had such an attraction that even the most outspoken opposers of the movement, would within a single day, have such a violent shift of sentiment that they sold everything they owned in order to join the Crusades.
