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To: James A. Shankland who wrote (48170)3/30/1999 6:05:00 PM
From: Bill Harmond  Read Replies (2) | Respond to of 164684
 
>>If it works, it's called being a contrarian investor. If it fails, it's called fighting the tape.

I disagree. Successful contrarians don't fight the tape. No one successfully fights the tape. They wait for momentum to stall and look for pattern reversals. Today's move was very powerful, based on fundamental changes, backed by a host of analyst buy reiterations, on very strong volume, and off a basing pattern.