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To: Boplicity who wrote (129652)5/28/1999 12:50:00 PM
From: Murrey Walker  Read Replies (1) | Respond to of 176387
 
Greg...here's a bit of frustration.

AAPL = $44.



To: Boplicity who wrote (129652)5/28/1999 1:00:00 PM
From: D.J.Smyth  Read Replies (2) | Respond to of 176387
 
it's interesting Greg that you hold to the theory of rational markets and economic equilibrium. Did you know that the Long Term Capital fund nearly went bankrupt basing their buys and sells on these theories? Soros, on the other hand, freely admits he never read theories relative to "rational markets" and doesn't know their basic premise. He claims "reflexivity" is the key which drives markets. for high growth stocks it can be more a matter of current investor sentiment and popularity than a matter of truth with a small t.

You hold to the theory of rational markets yet you behave in a manner relative to reflexivity. Which is it?