Joe Copia's daytrades/investments and thoughts Message Board

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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Dayuhan who wrote (5371)	6/19/1998 4:56:00 AM
From: Tom Allinder	Read Replies (1) of 25711

Steven, fundamentals don't matter in most of the daily runups in stock prices. If fact, it's the companies that are languishing in greatest dispair that have a runup. It's all a game. One of the stocks you mentioned, well, the company is based here in my hometown. The stock price ran up something like 400% in two days. Now, I know this company. They absolutely suck. They will always lose money and their debt will grow on par with level of mismangement and lack of leadership/vision. Doesn't matter, a few traders made a buttload of money on the runup. I like fundamentals/products/technology. Also, I won't buy anything that is not under accumulation. Now, these are few and far between. Good luck. Tom

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