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+--- Thread: Calculator broken while trying to figure out Steve Job's stock sell just now (/showthread.php?tid=7747)
Re: Calculator broken while trying to figure out Steve Job's stock sell just now - hal - 03-23-2006
and re Jobs stock sale - dont read too much into it. It's just plain stupid to have 1/2 bil in one stock no matter what it is.
Re: Calculator broken while trying to figure out Steve Job's stock sell just now - davester - 03-23-2006
hal Wrote:
-------------------------------------------------------
> aapl is approaching it's 200 day moving avg. THIS
> IS BIG!
I don't buy that at all. It's just an artificial construct. Why not the 100 dma, or the 300, or the 500, or the Ouija board moving average.
Re: Calculator broken while trying to figure out Steve Job's stock sell just now - hal - 03-23-2006
It's an artificial consrtuct that millions watch very closely and believe in. Call it a self fulfilling prophecy if you like, but there is reality there...
Re: Calculator broken while trying to figure out Steve Job's stock sell just now - davester - 03-24-2006
The reality of the 200 dma is that it is a chartists fad. I doubt that "millions" use it, but certainly thousands do. There is also significant controversy over what it signifies or whether it can be used to make successful general buy, sell, long, short decisions at all. If it was so useful, then all the chartists and their clients would be rich...and they're not. Sorry, but I rely heavily on statistical analysis at work so I'm constantly on the alert to bogus conclusions derived from statistical parameters.
You've inspired me to add a new sig!