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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Joshua Corbin who wrote (811)11/21/2000 1:04:58 AM
From: Street Hawk  Read Replies (1) of 74559
 
"My point stands: No one knows the future and Mr. Market likes finding scenarios you didn't plan for. Why feed good stocks to a bear? "

Good point about Mr. Market liking to find scenarios people don't plan for. Most investors planned for a Nov-Dec. rally and had no thoughts about the Nasdaq being under 3000 this late in the year. And what makes a stock good? Is it the underlying current price to book value ratio, price to earnings ratio, or Blodget-like fuzzy math based on eyeballs, growth potential, potential market, potential earnings, and other funnymentals. Please explain. I'd like to know what you think are good stocks and why. I like to think of most tech stocks as being built on dreams, with most ending badly. But then again, I am a cynic about the value of most Nasdaq stocks. A few tech stocks will indeed become the next MSFT, but most won't.
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