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Politics : Ask Michael Burke

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To: BGR who wrote (68738)	10/6/1999 7:27:00 PM
From: pater tenebrarum	Read Replies (1) of 132070

BGR, so what you're saying is that as long as the market moves in a direction it must be inefficient...after all why should e.g.BVSN have been valued at $65 a share at the end of July and at $165 now? could it be that the market was inefficient then? or is it now? or do you think that things have so materially changed for the company in the last two months that a p/e of 400 is justified now but wasn't then? calling tops may be foolish, but it's the only way to get out with one's gains intact before the house of cards comes tumbling down. what's really foolish is not acknowledging that we are in a bubble when plainly we are in one. btw, i give up now, ok? let's let the matter rest. one final word re. tops and bottoms: BUY LOW, SELL HIGH. sound familiar?<ggg> hb

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