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Strategies & Market Trends : The Millennium Crash
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To: Rarebird who wrote (195)8/14/1997 12:58:00 PM
From: kahunabear   of 5676
 
Rarebird,

I think the question is - "Do stocks represent a good value ? Are they something that can be purchased at a low price today and sold at a higher price tomorrow without toooooo much risk ?". I think the answer is a great big NO.

Will they go higher ? They could. But if they do, its just gambling.

If you go ZITL thread and look back a few months, you will find a great case study. A guy named "Mondoman" I believe, shorted this stock as it went up and up and up. He finally won big because he was right. Everyone knew he was right but most didn''t have the intestinal fortitude to stay short. I think he was down over a million at one point. You never know what to believe on these threads, but I am pretty confident that his story is true.

Thanks, Britt
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