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Strategies & Market Trends : AMIGOS INVITATIONAL YEEHAW PORTFOLIO

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To: scouser who wrote (1247)8/28/1999 4:07:00 AM
From: Ken W  Read Replies (1) of 1316
 
John,

The press was a rehash of an older one, just before it made the big run. I think people just saw Pokemon and started buying, not looking at FA or anything else. The stock did get a lot of hype over the net. The properly placed CNBC mention also helped to bring it to the froth. Now there are so many people trapped in the stock that it will hold its own regardless of FA or good sense. There have been others with the same fate and still trade 4 or 5 times the fair value.

Our little friend Greenspan did his thing again today placing more fear in the heart of the little guy and opportunity in the hands of the Market Maker and Specialists.

It is beginning to feel to me that, unless you are very nimble you will not survive in this market, or you just buy and hold on for 10 years like they want you to.

Ken
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