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Technology Stocks : Forecross Corporation : Y/2000
FRXX 0.0002000.0%Nov 14 9:30 AM EST

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To: George Taylor who wrote (967)5/4/1998 9:17:00 PM
From: Rick Voteau  Read Replies (1) of 1654
 
George, the market is short to medium term wrong in many many cases. How else do stocks triple and quadruple in one year? The company didn't all of a sudden get 4 times more valuable in a year.

It is because people were unaware or wrong about the future potential. Sometimes people are right as well. Present value of future earnings as well as momentum psychology drives stock prices. Currently Forecross doesn't seem to have either but that can change overnight. It has before and I believe it will again.

Buyers will appear again when it gets more momentum.
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