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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 232.21-0.1%2:13 PM EST

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To: Bill Harmond who wrote (134946)11/23/2001 6:58:01 AM
From: fut_trade  Read Replies (1) of 164684
 
"The highest returns from 1990 to 1996 came from companies selling at over 100x. Did you know that? Montgomery published the study."

Isn't this just a simple volatility issue? Stocks selling at over 100x are likely to be volatile, with big swings up and down.

Montgomery may simply have looked at a subset of stocks selling at over 100x - that went up. I'm sure a lot of stocks selling at over 100x didn't produce huge returns. Analysts can manipulate numbers easily enough to tell any story.
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