Forum Archive Index - May 2001

["Phil Eriksen" <acepay@acepay.co.nz>]

>If you can't learn anything from history (when you actually have empirical
evidence on which to base conclusions) how the hell can you predict the
future?  That is what fundamentalists basically try to do - predict the
future based on current data.  No-one can predict the future.  However, what
you can do is look at the present and see what is happening and get in or
out depending on that.  For example, why has RMG surged 65% in the last 5
weeks?  I don't have the answer but I do know that graphs will tell you it
has done and therefore you should buy.  Who cares about the reasons when the
facts speak for themselves.
>
>Cheers
>NK


I can't see why a share is a buy simply because it has gone up by 65%.  In
the case of RMG, in particular, I think it is important to ponder the
possible reasons the share has gone up so much, so fast, at this particular
time.

Cheers,
Phil

Disc : Took opportunity to get out of RMG at current prices.


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