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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (34669)6/3/2003 1:21:05 AM
From: BubbaFred  Read Replies (1) of 74559
 
Some observation on US equity market. Zombies (pennies with perennial negative eps) have been alive and have gone tripled to quintupled. Normally they start slow and go up 5x to 10x which coincides with end of greater market bull run. This time they start off at hyperbolic curve. Check all the biotech wanabees. Many others in same boat. Methink end of this mini bull run (bear trap) will end within 3 to 4 weeks, coinciding with the start of summer doldrum?, and enough time for hypes. But what do I know?, four years ago the topping process took nine months and lots of "new economy" talk for justifation of the 100 to 1000 pe's.
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