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Dans un courrier daté du 12/09/98 19:45:54 , Randy Tareilo écrit :
<<
Mr. Omega Man,
It is interesting that you must hide behind a false name to make all of
your remarks.
As far as Omega, the market itself is finding little value in this great IPO
stock of Nov 97 ($12 /share). According to the markets, this company is
much ado about nothing with trading in yesterday's range of 2 3/16 to 2 3/8.
I hope the SEC would review such IPO's as being "pure marketing" hype and
little profitable operations. Right now they seem to have been a hype and
dump it type of company. Much new news about new "products" being
introduced over the past year with no true results.
>>
That's funny: We have here an example of a speculator ( specialized in
stocks; if I remember)
whose business is to take advantage of the prices variations to make his
daily butter & bread.
Some stocks may show changes more than 25 % in less than one week , and this
is why you can earn money with technical analysis, that is a parasit
behaviour regarding to true inverstor's (who believe in the stock share that
they buy).
Technical analysis works because the world (as the people ) is mad at money.
You never earn money by buying or selling a stock that will move 25 % because
the underlying company has more or less 25% value in one week.
The price change observed is mainly determined by bid / ask process, greed and
fear AND the limited volume size of bid / ask regarding to all the shares
theoretically available.
Take the best company ever existing over the world:
Suppose that you cold be able to enforce all the shares owners to sell all
of their stocks next monday.
The price will fail of 90 or 95 % before the end of the day.
Is it related to the fact that the company was the best one on previous friday
? No.
Has it become the worst on Monday ? No more.
Price transaction has no meaning and no real relationship with the true value
of the considered company.
Otherwise, I do not see what you are doing with technical analysis!
If prices were rally reflecting the intrinsic value of a company, you should
observe horizontal bar charts series for weeks,making you unable to make any
money, and ruining your broker too.
You know that better than anyone and you use the Omega IPO price to
demonstrate by some hypocrisis that Omega is an evil company.
This is as stupid as are Omega bashers when they start to walk of the road
that they should continue to follow (an that they, in fact, secretly continue
to-) .
-Pierre Orphelin
www.sirtrade.com
(No IPO is announced for our company: You can buy now our neurofuzzy
software, and will receive a free upgrade for our coming soon version2 [yk2
compliant without patch]).
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