Waiting for the big Kahuna Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: vegetarian who wrote (10634)	11/30/1997 4:10:00 PM
From: Staff	Read Replies (1) of 94695

>>Bre-X etc, the speculators bought such momentum stocks on their own may not be a good analogy.<< I agree with IDID but Bre-X was highly recommended by just about every firm that deals in this sector and there are many very astute firms that are household names that got burned on that one.. They were telling people it was the single largest gold find in the world. This thus was being portrayed as no fly by night penny stock but rather a company that was for real and was going to around for quite some time to come.. Want other examples. try Diana Corp DNA... a $4.00 to $100.00 to zero run. How about ZITL and DDIM both big Y2K plays that many recommended and put out as strong buys. Zitl $6.00 to $60 and back to $11.00. DDIM form $4.00 to $42 back to $18.00. Even Fidelity's Fund is rumored to have taken a peice of the fund cash and was a buyer in the $32.00 range as I assume their research thought a stock selling at 200 times earnings whose product was only good threw the year 2000 was a good buy at $32.00? I hear stuff like this and it makes me wonder what in the lord are these folks thinking. Sounds like Casino investing to me?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next