Worst stocks for '96 Message Board

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Technology Stocks : Worst stocks for '96

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To: Michael Hillman who wrote (45)	1/9/1996 3:07:00 PM
From: John Chen	of 312

A rule of thumb in the market is that if everyone is extremely bullish on a stock, it indicates the stock is reaching the top, and soon the bubble will burst. If many people are bearish, the stock hasn't reached the top and may continue to rise. Always remember that you, I, and everyone else are not smarter. Chances are that majority of us are in the "wrong crowd". Too many people are too negative on NSCP, that's why it continues to rise. (It is called constrarian's point of view.) One day (maybe in very short future) most people will turn bullish after they see NSCP continue to rise, and believe that the sky is the limit. That's when you should get out of your long position or short the stock if you are brave. When will this happen? Maybe shortly after NSCP reports its fourth quarter result if it is well above everyone's estimate (We'll find out how well NSCP was doing in Q4 in few weeks.) Maybe it won't happen until next year when NSCP cannot meet overly optimistic forecasts. Anyway I am bullish on the stock as of today.

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