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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Justa Werkenstiff who wrote (9493)10/27/1999 1:18:00 PM
From: Kirk ©  Read Replies (2) of 15132
 
what I find amazing to watch, forget the pain, is the volatility of some very large companies like HWP and IBM to name two. I could make a huge list, but it is sure something to see a stock lose 30% or more for being a few pennies short or for having less revenue growth than some would like... Sure shows how high multiples are! I wonder how the market would react of CSCO, SUNW and MSFT got hit? Massive panic or would the money go to other, lower valued companies?

IF so many are "long term buy and hold" then why is there so much volatility in these big names? I did hear a few yrs ago that higher volatility often characterized the end of bull markets.

It will be interesting to see what, if anything, Y2K brings. many STILL think much more will be pulled out since "Americans procrastinate alot" is what I heard from one anecdotal source.
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