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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (10447)4/27/2000 10:41:00 PM
From: Jurgis Bekepuris  Read Replies (1) of 78517
 
Did we have a correction?

Recently I had a privilege of another stock discussion
with my coworkers. They are intelligent guys, Ph.D.'s, not
some shoe-shine boys, but after one of these
conversations I will jump out of the 17th floor.

Our company reported good results and its ridiculously
overpriced stock was going up. "Oh, it's going up one
point every hour!" "It's going to continue like that for
the rest of the year" "I should buy more on margin"

Needless to say, my halfhearted attempts to question
these pearls of wisdom were met with completely
blank looks. And that's after correction that
shaved off up to 80% of similar stocks.

As Hoja Nasrudin said: "Ignorance is bliss..."

Jurgis
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