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Strategies & Market Trends : 50% Gains Investing

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To: jgideon who wrote (511)2/19/1998 2:29:00 PM
From: Dale BakerRead Replies (1) of 118717
 
I should be careful about saying "value" in this case. They are not a classic value. However, the Street has "valued" CBSL, IMRS, KEA et al in this range because they are "hot" at the moment. Start with computer consulting, toss in some offshore outsourcing and add a bit of Y2K for flavor (less than 20% in the case of SYNT) and the Street loves it - for a while.

Instead of waiting for these stocks to crest before shorting, why not catch the ride up? I'm not saying it makes sense, but the check will clear when I hit the Sell button later.

Just trying to get by in this crazy market. Think how much could have been made in YHOO, AOL and XCIT, not to mention the Y2K stocks in 1996.

I guess I'm saying that we have to dispense with general principles if we are going to catch a few more waves. Don't worry - I do it very carefully.

SYNT scraped 25 today so I can't complain.
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