Author: Amir Ban
Date: 01:24:16 11/16/98
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On November 15, 1998 at 21:27:27, Robert Hyatt wrote: > ... I ignored the stock business as that was silly but not >insulting in any way. Ever since Bruce commented on this stock issue I dropped it because it has no real importance, but I'm getting fed up with being flamed over this. As a point of fact, it's perfectly true that IBM stock rose 20% (actually more) in the timeframe of May 97. This rise was significantly over the S&P 500 index. No, it's not possible to prove that this is a result of the match, just as it's not possible to prove that any stock movement up or down is related to any concrete event. But: Yes, it is quite likely that the match affected stock prices, and companies stock has been known to move more than 20% in response to smaller events than gigantic media exposure of a success story. Such a rise, by the way, only indicates a public expectation of a 20% gain in future profitability (not revenue, Bruce), which may be wrong, but public expectations often are. To say that the rise is a result of the match is perhaps jumping to conclusions. To state as proven that it is not is foolish and ignorant. Sometime when the CCC charter will be revised I propose an item that says Bob can only post on topics he understands and bothered to check the facts. Amir
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