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Meme

11/07/07 7:18 PM

#5636 RE: sonetirot #5630

Well, there's chart reading and then there's market psychology. While I think there is "something" to chart reading (during big pullbacks like today, I will look at a chart to see where the stock might form a new base if pounded down and it seems to follow what you guys come up with, interestingly enough) they're sometimes proven wrong when there exists something about a company that so sparks investors' imaginations that they are compelled to buy.

I believe there will be many stories to come that continue to ignite those imaginations about Google and its entry into mobile communications, and offer Apple's performance after announcing they'd be introducing a cell phone as an example. While not exactly the same, the nature of the beast is similar enough.