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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (56154)	1/10/2001 12:19:37 PM
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Heinz are you aware of data that indicates how much of the market cap of companies that have larger than 3 Billion shares outstanding is supported by non-US money both during the mania peak and before? That might give us some indication on who will propel, if any, these stocks from the slump. If it is only from US money, my suspicion is that most of them are unlikely to see their peak valuations for years to come unless we see a mania of a similar magnitude because > 3B is a huge float plus the option holders who will be willing to take anything they can will form a huge resistance for any upward price movement. BTW, the analyst job these days has become very simple, "downgrade stocks with high price and upgrade those that have significantly fallen in price regardless of company's business conditions", looks like they have made their clients buy the dogs in the rotation process and want to have them go up. Someday that strategy will fail because the low priced stocks are low for a reason and this mad rotation volatility will reduce. Don't you wish one could make money that easily? ;-) Best regards

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