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Technology Stocks : Network Appliance
NTAP 117.43+1.2%3:03 PM EST
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To: Cirruslvr who wrote (4611)9/28/2000 3:48:59 PM
From: michael modeme   of 10934
 
I think it was Peter Lynch that first introduced the nomenclature of "x-bagger". I believe he meant it to mean that a stock bought at $x is now worth $(10*x). This, as you pointed out, is somewhat confusing because it isn't the same as percentage gain. In my case, I think I'll break out the scotch when NTAP hits $190; rather than waiting until $191.90. :-)

Cheers
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