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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: jeffbas who wrote (6449)	3/27/1999 3:01:00 AM
From: Paul Senior	Read Replies (2) \| Respond to of 78519

To no one in particular: When a 21 year old college student allegedly studying finance from a top ranked school who is a daytrader and who publicizes results up 300+%... when such people start making stock predictions based on earnings predictions to value investors here... there maybe is one new avenue open to opportunistic investors. That is: to front run the behavior of such people. Therefore, given the assumption that where there's one such college student, there are tens of thousands (noting in Joe Dancy's thread the quoted article on emergence of high school daytraders), and the further assumption that such people will trade stocks of companies whose products they buy or with which they might be familiar... I have today doubled my position in computer games company THQI. Of course -g-, perhaps such people have all already bought THQI and they're selling out to me--- I'm the patsy in the poker game (ref. Buffett) -g-.