lml,
Just passing time there. Again, I know exactly what you are saying. You are right. 100% correct. One can't argue with market forces and the herd mentality. And yes my analysis was one dimensional. It was intended to be, solely to make a point. Although at this time I forget what that point was.
But as a side note, ask some of your clients what CSCO is worth as a company?99.9% will say $74 per share, I bet. Then ask if they have any idea what the 'total' value of all those $74 shares is? 99.9% will say I don't know. They never looked. They don't care because its going up faster than they can count.
I read somewhere CSCO went up in market cap 77 Million per hour this year. 7 days a week, 24 hours a day.
And I know exactly why. It is as simply as the supply demand thing. Mutual funds get money, won't be caught dead without a certain % of CSCO, Mutual Funds throw money at it, investors much smarter than me hold tight and laugh.
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Maybe we should continue all this, TKLC is up alomost $4 now. |
