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Strategies & Market Trends : Pluvia's Fist.com - Pluvia's Plays & Portfolio
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To: Pluvia who started this subject12/4/2003 1:54:44 PM
From: Bob   of 1766
 
NANO

You Mean You Can't Judge a Stock By Its Name?
Reuters
"'Nano' in firm's name fuels stock's hefty gain"
Published: 12/4/2003
Brief Summary: "A growing fascination with nanotechnology seems to be
doing wonders for the stock price of Nanometrics. Too bad the
company's only connection with the hot field of molecular-scale
machinery is the first four letters of its name and a stock ticker,
NANO. But that, apparently, is enough to confuse some investors."
This article recounts a couple of recent instances where it appears
that traders are snapping up stocks without much research.

Contrarian Takeaway: This is reminiscent of the days of people buying
first and asking questions later. While somewhat amusing, this
article may be a sign that momentum and speculation are creeping back
in the marketplace. This is potentially a warning sign for the bulls,
as this type of speculative activity was a trademark sign of the
internet bubble.

schaeffersresearch.com
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