To: Ron Dior who wrote (6691 ) 3/24/1999 3:48:00 PM From: ahhaha Read Replies (3) | Respond to of 29970
I happen to feel that $140 is a good entry point considering the momentum that ATHM has been building Momentum is rate of change of price with respect to time. You don't mean momentum, you mean inertia. Inertia is the tendency of things in motion to stay in motion. In physics there is no connection between the two. This is a profound discovery of Einstein's little appreciated in the world of physics. In finance price does not predict price. If that were the case, everyone would be rich. It's an absurd claim to say price predicts price, yet that is what you are claiming with "momentum". along with the high short interest. High short interest tells you nothing. Actually it fools the amateurs. It makes them believe that shorts must cover at higher prices. It doesn't work like that. Short interest rises and peaks with price and then declines with price until at the bottom most of the shorts have covered and short interest is low. This is the opposite way it used to work. The advent of hedging especially through the options markets has caused the change. The rise of short interest merely indicates that there is greater hedging activity. The only ones who need to cover are the hack amateur short sellers. They don't represent ten minutes worth of volume. In fact, with an inverse conversion they would just as soon see it rise and hope they can get more shorts off.I have seen it MANY times before when a stock like this that breaks through it 52wk high keeps setting new highs. Whatever you've seen you will see the opposite equally if you open your eyes. No doubt an extended bull market distorts your vision, but that's no reason to be led down the garden path to your delusion In light of that, dipping below $140 was exactly what I was waiting for after it had set a new high. Price predicts price? That was the limit price where I felt comfortable buying in. What you're really saying about momentum and the other stuff is that for some unknowable reason this kind of thinking makes you comfortable. there's no comfort in losing your shirt, boy. I think we are headed to $200 before $125. That may be true, but you're just guessing. Has nothing to do with the reasons you've stated.That is JMO but MO has made me much money in the past so I have learned to trust my instincts. What? No H? That's arrogant. You used to use the H and then you got mad. Maybe it is because the stock is sinking below 135 and you are long at 140. I would say that momentum in some time frame, has reversed. I guess you'll just have to find the frame that bails you out. I should warn you though that such calculating is a posteriori.I can't imagine why you would have such a haughty attitude. I've read your posts and you have provided nothing like the collection of wimpos and clowns who have come onto this thread and turned it into the standard SI ghetto. I don't care if you are bearish or bullish or foolish, you don't have to be ghoulish.This stock could move 50 points either way on any given day, you know it, I know it, and so doesn't the rest of the thread. So please save your crassness for someone else. I have never been seen a thread with two guys so full of themselves that their whole existance is to insult others! What is it with you two. Where do you come off with this arrogant air about you? Aren't we all here to make money or are we here to insult one another? I don't get it... I stated the stock would drop 20 points and that wasn't well-received. What have you been doing to those like Bahama and Ainsworth when they have expressed a different view? You say above that they should save their crassness for someone else. For whom are you saving your's?