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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: tcd who wrote (87031)6/27/2002 7:51:59 AM
From: DebtBomb  Read Replies (2) of 99280
 
I think it's all noise. WCOM was already a penny stock before yesterday. What I think is significant, is the question of whether there's anymore WCOM's out there. And, there may be. But you can see, the market usually knows, stocks get cheap for a reason, stocks go to a buck for a good reason, the market is smart, the market knows, IMO. I never could understand why people bottom fished stuff like WCOM thinking they're going to get rich. Those type of stocks are down for good reasons, and I do not think they'll come back. IMHO, a whole bunch of these Nasdaq penny stocks are going BK.
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