<<"This is getting ridiculous. Rumor of acquisition, stock goes up. Computer sales up, stock goes up more. Analyst upgrades before briefing, stock goes up. Competitor beats, stock up in sympathy. Chip eqp't makers up.. stock goes up. Earnings published, stock takes a jump. Other analysts raise numbers, stock goes up. New product line fired up, stock goes up. Sector rotation, stock goes up. Greenspan lowers rates.. stock up. Greenspan raises rates too fast... stock up. Overseas sales soar ... stock up. AMD insider cashes options, INTC stock goes up ... geezzzz. Ready to put in a buy for 250, and hoping that a p/e of 1000 is finally acceptable to these freakin idiots. I'd call this a top... but it's a saucer. When is this damn bubble going to end once in for all?">>
You got it completely wrong. It was more like this...
Companies announced the launch of a web page, stocks went up.
Companies lowered guidance, stocks went up.
Companies announced losses, stocks went up.
More losses are announced, stocks went up.
Greenspan farts, street interprets it positively and stocks go up.
20+ CEO changed his hair style, his company's stock and the stock of the gel maker went up! |
