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Strategies & Market Trends : Galapagos Islands

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To: PuddleGlum who wrote (4349)10/3/2002 8:43:43 AM
From: AugustWest   of 57110
 
I'm especially poor at guessing the direction of stocks in companies that I work for,

Well, since you mentioned it
I've found(at least here on SI) those people who work in IT have a very difficult time understanding the cold hard valuations that should be on some of these stocks.

I don't know if their rational is flawed or what.
Theyseem just because a stock has come down from like $80-100 to 5 bucks it's undervalued.
Theyare still dizzy calculating and valuing stocks on future growth estimates and potential.
This is a tragic mistake that is partially responsible for the pain experienced by many of them.
Put simple, they have fallen in love with their stocks.
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