Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (21308)	7/6/1998 7:04:00 PM
From: Haim R. Branisteanu	Read Replies (3) of 94695

Hi Jim, in todays market it does not pay to buy neglected stock issues. By day now it is clear that only "story stocks" move as fundamentals are completely out of line. YHOO and AMZn are just unbelievable. 12% in one day or 100% in 3 weeks. there was this other issue Zappata I think, 100% in one day only as a result of a rumor connected to the Internet. I do not remember so much hype about nothing, since the Bio-tech craze. But at least then there were hopes. On the Internet front we already know that valuations are well overblown by any yardstick and none of the high flyers has something unique. Besides cash is not bad. Bought some Ros Telecom (ROS) for a small pop. Will see if it works. P/E 4 or so. BWDIK Haim

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