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Non-Tech : 1000% returns are cool !!!
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To: yossarian67 who wrote (366)6/5/2000 3:34:00 PM
From: If only I'd held  Read Replies (2) of 3326
 
I think all the investment bankers must have some kind of code of ethics or something that goes like this....

As long as it is losing money, we'll hang on to it. As soon as they start making money, we sell out...because they won't need us to pump and dump it for them anymore.

Sound about right? That would explain why fundamental investing doesn't work very well in this market. The turdlier it is, the higher it flies. Won't always be that way though. SMRA is boasting a P/E of about 34....yet it has grown revenues 100% 3 years straight. At a P/E of 34, I'm not saying it's a screaming bargain, but it sure looks like a much better deal than some of the junk these analysts would like to dump on us.
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