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To: scouser who wrote (1899)5/9/1999 8:14:00 AM
From: AHM  Read Replies (1) | Respond to of 2231
 
Of course, many of us have seen this VectorVest analysis before - it's not new.

If the market consisted only of computer driven buy/sell decisions and investor sentiment were not a factor then we should all be deeply concerned about this report. But the market is made up of people who do not always react as some gifted computer programmer ordained they should.

This report, as are many I have seen in the past on VectorVest, disregards what has already happened in a very short time when the stock was in the 4's. Why has this substantive move occurred? Why has the VectorVest analysis of PQT not responded to known market movement except to plug into the fields for "date" and "price" what the computer has picked up from the closing market price feeds? I'll answer my own question. Because a computer generated analysis, without human intervention, isn't ever going to cover "human" factors that drive markets. If the staff of VectorVest has reviewed this report (which I doubt) they have not modified it because they have a misplaced belief that their computer program design is smarter than they are and they fear the consequences of contradicting its conclusions.

Just my opinion: but I think a great deal of money can be made from seeing reports such as this VectorVest analysis and recognizing that there are enough investors who can influence the market who rely on such information that when we see how investor sentiment is building we can build positions at low price levels before the "believers" realize they should have used their native intelligence and not taken too much stock in what computer generated "opinions" were trying to tell them.