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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: Crossy who wrote (10046)6/8/2005 11:39:39 PM
From: Patentlawmeister  Read Replies (1) of 37387
 
Re IPII - nothing baffling! This type of action happens all the time with MOmentum stocks. Think psychology of crowds! That's why i had said previously, the closest trading model i could think of was ANTP when it zoomed from $3 to 50 last fall. Travelzoo was another example last year, from $6 to 100.

Look at junk stocks like ABLE, GEOI, BOOM - the momo crowd keeps bidding them up; eventually the game ends like musical chairs. But it only ends after several million shares are traded daily, with the stock price in overvalued land! That's what i'm waiting for with IPII, overvalued land will be the $30-50 range!
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