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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: om3 who wrote (23626)4/26/2000 9:33:00 PM
From: Sunny  Read Replies (4) of 54805
 
I respectfully disagree with you on the pump and dump. IMO, from a valuation perspective, INTF is not a great deal different than ELON in one respect. Both companies have some exciting things going for them in the future but, they have not yet produced the results that justified their valuations. A big difference between these two is that INTF is retooling from a business model that was leading them no where but down and their numbers look terrible.

The question we should all ask ourselves when some one paints a very pretty picture about the future of a stock is does it look and smell OK.

Earlier this year it was very easy to get caught up in the price to vision ration. These 2 companies certainly garnered a lot of attention from some of the notable contributors on this thread. Does that make Janet or Math guilty of the P&D. I don't think so. These stocks got in front of themselves just as RMBS and several others did.

Project Hunt was designed to identify shiny pebbles that may one day become G&K's. In our enthusiasm to get in early we succumbed to our own greed.

Q4 1999 and Jan - early March 2000 had all of us often reacting in disbelief of out good fortunes. I will confess to reinforcing my positions in several stocks that, in hind sight were way over valued and I have suffered a similar fate with many of you.

The past couple of weeks have been humbling for many of us who thought we were the geniuses of the great bull market. We just learned that Gorillas are not always undervalued in the short term. We also should have learned to invest in quality.

There have been a number of people who invested a great deal of time and effort into DDing the HUNT Candidates. Their reports have been factual and have also included their view of the future. We encouraged them, we applauded them for their efforts and many of us bought the stocks after the reports were published. The stocks went up, probably too fast and too high based upon the underlying fundamentals. Some of us got burned. It is our own fault and to attempt to label the Hunt team as P&D artist is wrong minded and seeks to shift responsibility from you for your actions to someone else.

As Stan said in his confession, "Do your own DD before you invest your money.

Sorry for coming out of the woodwork to rant, but take responsibility for yourself.

Sunny
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