Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: trouthead who wrote (16830)	6/2/1999 6:33:00 PM
From: Charles Tutt	Read Replies (3) \| Respond to of 64865

Coincidentally, I was just thinking that the longer I remain invested, the more I am convinced that the alleged collective wisdom of the "market" and the "gurus" and other participants of Wall Street is bunk. There is little, if any, rhyme or reason to so-called "price discovery" and day-to-day prices. Sentiment and chance reign supreme. For instance, I am convinced that the likelihood this week of the Fed tightening interest rates is approximately equal to the likelihood last week or a month ago, and that the intrinsic value of Sun shares hasn't changed by 25% in the past month (about what their price has dropped). There is no "why" where the market is involved, other than the chance sequencing of buyers and sellers. Only in the very long term does rational pricing usually win out over noise, and the noise is already deafening and getting louder. JMHO.