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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: westpacific who wrote (42902)3/21/2002 8:22:45 PM
From: SOROS  Read Replies (4) of 99280
 
You have to remember, most people write and speak based on their holdings -- nothing more, nothing less.

The sheer idiocy being exhibited by some of these stocks going up is beyond belief -- especially when people have March, 2000 and the fall to look at for wisdom.

You could pick dozens and dozens of examples, but let's just look at one -- seriously, just picked at random because I have read so many analysts that love it -- Veritas.

Check out the figures:

finance.yahoo.com

Now check out the related insider data:

biz.yahoo.com

But, of course, these insider's actions are not a sign of their lack of confidence in the stock price or future business -- just as AMAT's actions are certainly not to be perceived as related to stock price at all. The insiders in these companies are brutally honest. I know this is a fact because the brokerage analysts told me so ;) The VRTS insiders are simply diversifying their holdings to lessen the risks associated with owning companies that lose money and have price to sales multiples of 11 ;)

Why, VRTS stock was simply WAY undervalued SOLELY because of the 9/11 incident. It would NEVER have gotten to $17.30 otherwise. It probably would have gone no lower than where it was a few days before 9/11. That surely must have been MUCH higher than $17.30 ;) It makes perfect sense that it has run from $17.30 to over $42 in 6 months because their business has been BOOMING at an unbelievable pace. In fact, ALL tech companies MUST be growing like weeds if there is a correlation between their business and the appreciation of the stock prices in the last 6 months. Check a few of them out. Stocks just DON'T double and triple without valid reasons. Do they?

I remain,

SOROS
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