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Politics : Formerly About Applied Materials
AMAT 230.92+3.1%Nov 24 3:59 PM EST

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To: Math Junkie who wrote (41051)12/21/2000 8:41:32 PM
From: Gottfried  Read Replies (3) of 70976
 
Richard, >Every time someone bought a NASDAQ stock, the person or institution they bought it from was selling. So the answer is, the money went into the pockets of those sellers.<

True. But if someone bought a stock in '94 at $6, watched it ride up to $80 and down again to $30, without selling, then the money above $6 never was.

Gottfried
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