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Strategies & Market Trends : John Pitera's Market Laboratory

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sixty2nds

To: Don Green who wrote (23034)	2/3/2020 8:15:40 PM
From: John Koligman	1 Recommendation of 33421

Sure do recall all those calls and Blodget. Also kinda reminds me of those crazy moves Qualcomm was making near the end of the huge Nasdaq run before the crash that began in 2000. Here is an excerpt from a NY Times article back then. 2600 percent in one year!!! "The Nasdaq composite index leaped 85.6 percent -- a performance that exceeded the gain for any major index in any year in the history of stock markets in the United States. But there were a lot of Nasdaq losers as well, and the index of financial stocks listed on that market ended the year down 9 percent. To appreciate just how great a year it was for the winners, compare Qualcomm, the best-performing stock of 1999 (among those that began the year over $5 a share) with the top performers of previous years. Qualcomm rose 2,619 percent in 1999. Twelve other stocks on Nasdaq that started the year over $5 managed to climb at least 1,000 percent. A further seven issues rose at least 900 percent."

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