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To: Dennis K. Showers who wrote (13304)2/11/2000 6:38:00 PM
From: Mr. Aloha   of 14266
 
zdii.com 

A French company called Infogrames bought the remaining controlling interest in GT Interative.

I wonder if there are any LARGER European companies that would like to own a SOLID U.S. company? hmmmmmmm...

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To: TraderGreg who wrote (13299)2/11/2000 7:07:00 PM
From: Ruffian   of 14266
 
<BTW, for at least one shining moment today, the longs took one of those Japanese
candles, laid it on the bow, and pulled back one of those Bollinger bands and fired it
right up the shorts back side.>

Yep, 2 short of "Three White Soldiers"

Ruff

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To: OGM who wrote (13297)2/11/2000 7:45:00 PM
From: Raymond James Norris   of 14266
 
Raymond, come off it already. Actually, Buffett buys a lot of companies just like THQI...well run companies that build consumer franchises. Ever heard of Flight Safety? Borsheims?

The chief of his gains came from larger companies whose stocks had been beaten down. For example, this is from the 1998 annual report:

*Investments in excess of 5% of the investees outstanding capital stock at the end of 1998 include approximately 11% of the outstanding capital stock of American Express Company, approximately 8% of the capital stock of The Coca-Cola Company, approximately 9% of the capital stock of Federal Home Loan Mortgage Corporation ("Freddie Mac"), approximately 81/2% of the capital stock of The Gillette Company, and approximately 17% of the capital stock of The Washington Post Company. Much information about these
publicly-owned companies is available, including information released from time to time by the companies themselves.*

Another thing God gave you is a lot of time to spend writing dissertations on the flaws in arguments of everyone on this message board.

Not quite. I won't be posting here in 1 week, I can assure you. I've spent 2 days here and I probably will only spend 2 more.

If you don't own any stock, why the desire to spend so much time on this board all of a sudden? Yes, I know, you've posted before, but why the sudden mass of text?

A. Axe to grind
B. Trying to talk the stock down
C. Trying to educate all of us neophytes on the board, out of the goodness of your heart.


In all honesty, I don't think you have any right to question my intentions here. I have a lot of buddies on SI and MF that I've known for at least 3 years now. When I chose to stop posting, some asked I periodically post how the chart is shaping up as it is usually not widely mentioned.

Invariably, when someone posts a non-bullish piece on any message board, (s)he is asking for attacks and hate mail (I've already received my share). I just happen to defend my position. No one has any right to degrade others.

Conservatively Yours,
Raymond J. Norris

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To: TraderGreg who wrote (13299)2/11/2000 7:57:00 PM
From: Raymond James Norris   of 14266
 
TG:

One thing I have learned from the past three yrs of these message boards is this:
NOONE WHO IS ACTUALLY FLAT A STOCK SPENDS THEIR TIME TRASHING IT OR PRAISING IT.


I am not trashing THQI. I posted that the long term uptrend line has been broken. That is a valueless statement. It's a fact you can't refute. It's like saying, "THQI had 25 cents in EPS last quarter). You can't argue that away.

I think it'd be easier for you to ignore the chart believing I had a vested interest in seeing this stock's price depreciate. I don't. Why else would I post in December the stock is weak and then come back 2 months later to say it's even weaker?

Let me tell you why anyone doing that would be wasting his/her time. 95% of orders are retail orders by small investors like many on this board. However, the 5% of institutional orders accounts for more than 80% of the volume on the Nasdaq.

That in and of itself should explain why hyping on stock message boards is futile unless the stock being hyped trades infrequently.

But you can consider me a short if it makes you sleep easier at night.

Conservatively Yours,
Raymond J. Norris

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To: Raymond James Norris who wrote (13308)2/11/2000 8:08:00 PM
From: TraderGreg   of 14266
 
What I think or don't think of you has little to do with how well I sleep at night.

Buying into a single digit P/E stock, with a double digit growth rate, that has had a 50% haircut, with nowhere near a commensurate level of bad news announced or projected, is the investing equivalent to a large glass of warm milk.

TG

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To: M. Frank Greiffenstein who wrote (13300)2/11/2000 8:13:00 PM
From: TraderGreg   of 14266
 
OT: Doc we both may be half right:


From a web site I visited, there was the following:

math.yorku.ca 


There is a famous quote about lies and statistics sometimes attributed
to Mark Twain and sometimes attributed to Disraeli. I looked it up in
_The Oxford Dictionary of Quotations_ and was referred to Twain's
autobiography, which I quote.

************************************************************************

Mr. Twain wrote:

I was very young in those days, exceedingly young, marvelously
young, younger than I am now, younger than I shall ever be again, by
hundreds of years. I worked every night from eleven or twelve until
broad day in the morning, and as I did 200,000 words in the sixty days
the average was more than 3,000 words a day - nothing for Sir Walter
Scott, nothing for Louis Stevenson, nothing for plenty of other people, but quite handsome for me. In 1897, when we were living in Tedworth Square, London, and I was writing the book called Following the Equator,my average was 1,800 words a day; here in Florence (1904), my average seems to be 1,400 words per sitting of four or five hours.

I was deducing from the above that I have been slowing down steadily
in these thirty-six years, but I perceive that my statistics have a
defect: 3,000 words in the spring of 1868, when I was working seven or
eight or nine hours at a sitting, has little or no advantage over the
sitting of to-day, covering half the time and producing half the output.
Figures often beguile me, particularly when I have the arranging of
them myself; in which case the remark attributed to Disraeli would often apply with justice and force:

"There are three kinds of lies: lies, damned lies, and statistics."


************************************************************************


So Twain attributes the quote to Disraeli, but who knows for sure.

TG


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To: Dennis K. Showers who wrote (13304)2/11/2000 8:25:00 PM
From: Raymond James Norris   of 14266
 
I will say this. HAMMER! The formation was confirmed today. At this point it looks 'testbook'. I believe that a reversal has just taken place for the reasons given last night

Dennis,

Hi. You pointed out that THQ made a hammer, which it did. Let's examine this:

First, one day does not make a trend. THQI has declined 50% from its highs placed in early December. One Hammer on weak volume (in comparison to the volume THQ declined on) is unlikely to be the final confirmation. If anything, this would only be a first step in a long process to repair the chart.

Second, the stock was expected to bounce. It declined 28% in 3 days. A price reaction against the trend is common in down and uptrends - especially when the price moves significantly in a few days. As example, consider the hammer THQI has made February 1.

Thrid, consider THQ's downtrend line. Before a downtrend can reverse itself, it must penetrate the downtrend line. THQI has tested this line 3 times, and each time has failed to get above it.

To illustrate, I've posted a chart showing THQ's downtrend line and its support line.

stocktrendz.com 

One last thing THQI needs to do to repair itself is end its series of lower highs and lower lows. It was only yesterday, remember, that THQI hit its recent low. It hasn't established anything yet. I believe calling this the bottom is premature.

Conservatively Yours,
Raymond J. Norris

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To: blankmind who wrote (13301)2/11/2000 8:33:00 PM
From: Mr. Aloha   of 14266
 
Today WAS good volume.

I still say we trade sideways between $17-21 up to the earnings report.

We may move to $21 and then back to $18.50?

We may move to $20 and stay there on VERY light volume?

quote.yahoo.com 

You hafto continue the chart to the current level and compare to the lows in 1998 and 1999.

I believe we are within a few points of the bottom.

I'm going to give the stock a few days and then buy more. If the earnings report is solid etc.. I'll make a MAD DASH to buy as much as possible AS SOON as possible. I'm going to load up for later this year.

It's as simple as that.

I'm also going to buy some AKLM or GTIS at approx $3 (I hope). I want to wait and see what both do in the next week or so. GTIS may be the better of the two and worth a few points increase later this year - % gain is large.








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To: Raymond James Norris who wrote (13307)2/11/2000 9:05:00 PM
From: OGM   of 14266
 
>>>The chief of his gains came from larger companies whose stocks had been beaten down. For example, this is from the 1998 annual report:...<<<

There you go again Raymond: refuting through non-essentials.
Your original point was that Buffett doesn't invest in companies like THQI. Regardless of the size of investments (he has to make big bets because of the size of Berkshire's assets), he does in fact buy companies very much like THQI, especially when they're beaten down. Of course, he made many more investments in smaller companies when he had less money that needed investing. Dempster Mill ring a bell?

>>Invariably, when someone posts a non-bullish piece on any message board, (s)he is asking for attacks and hate mail (I've already received my share). I just happen to defend my position. No one has any right to degrade others.<<

Actually, your tendency to parse everyone else's posts at great length is what sets you apart from the other non-bullish posters. You obviously are a seasoned, intelligent TA-er with a number of fans. It's the degrading of others that makes your intentions suspect.

-OGM

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To: Mr. Aloha who wrote (13312)2/11/2000 9:07:00 PM
From: Mr. Aloha   of 14266
 
One more thing.

Regarding the markets..

The Dow Theory has a .900 batting average with the bull/bear movement.

Today Oil prices are at $29.50 and the Transportations Average continues to fall.

Either the Transportation average is going to hafto rebound or the Dow will need to come back down. ONE of them WILL happen. If the Transportation stays at this level or moves lower, the Dow is likely to break down below 10,000 and go to as low as 8000-8500.

One important factor is a possible OPEC decision to increase oil output to their previous level in early 1999 - don't know yet.

Here's a chart.
quote.yahoo.com 

This is what caused so much trouble in the 70s and '91(minor)
quote.yahoo.com 

Keep this in the back of your mind.


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