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Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: Peter V who wrote (40509)	5/5/1999 1:05:00 PM
From: Black-Scholes	Read Replies (2) \| Respond to of 50808

My friend, your bait is all too obvious but I'll take it. That "mechanical" evaluator is based on technical analysis - voodoo. TA is for uneducated people - period. It's for the kind of people who go to Vegas thinking they can win. Oh, they'll pay "lip service" to the correct view that gambling is a loser's game - but - in their heart-of-hearts they think THEY can win. TA is the EXACT same thing with the exception that the odds are a little better. ON AVERAGE, when you take a position - no matter where the stock price is - you have a 50% probability of the price moving up or down - ON AVERAGE. This result has been proven again and again. Hell, why do you think the Wall Street Journal sponsors a stock picking contest with the contestants being a panel of experts and "darts thrown at a stock sheet?" And guess what? Over time, the darts WIN 50% of the time. The only thing that can be said with certainty is that stock prices follow a "random walk" pattern with a slight upward drift - an upward drift due to the simple fact that economies grow. That's why it's a no-brainer to index if you really want to maximize your returns with the LEAST amount of risk. Wall Street hates this fact - for obvious reasons. CUBE fundamentally is an undervalued stock. It's the leading player in the hottest new industry - digital video broadcasting. That's a fact.