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Politics : Ask Michael Burke

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To: BGR who wrote (79110)	4/5/2000 7:29:00 PM
From: Freedom Fighter	Read Replies (2) of 132070

BGR, Absolutely not. However, since I own several companies for many years and have followed others for almost as long I can often tell when their stock prices are moving for reasons that have nothing to do with their business value. Yesterday was such a day. Many stocks were moving around for non fundamental reasons. If a bunch of looney tunes own a company on margin and they are forced to liquidate or another has a huge short position and all the shorts start covering you can get some very dramatic swings. There is a lot of evidence that sort of thing was going on yesterday. I don't need to know or understand every stock movement to know that my company's value didn't swing from 20 billion to 15 billion and back to 19 billion in 3 hours. The point being that such wide price swings unrelated to business value are available to be exploited. Wayne

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