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Technology Stocks : Gateway (GTW)
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To: H James Morris who wrote (6548)8/22/1998 5:16:00 AM
From: Skeeter Bug   of 8002
 
hj, wall street is schizo and not too bright an awful lot. running mu to $60 as prices were in freefall is just one example. that was public knowledge and anybody with net access and 10 minutes a week would have seen it coming as mu kept getting higher.

too much money chasing too few stocks makes it hard for rational plays. i think i'll just have to wait for empirical signs that the money flow is abating. cheap money is at work now. at somer point, though, someone will VALUE it as a scarce resource - not a never ending "gimme."
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