The Naked Truth - Big Kahuna a Myth Message Board

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To: MythMan who wrote (11767)	11/23/1998 1:55:00 PM
From: IceShark	Read Replies (1) of 86076

No. The only thing that came close was bio techs, but they ran nothing like these internuts. Even when Genentech would get positive trial results on a new blockbuster, it wouldn't even come close to a double. Heck, the late 80s greed decade of takeovers couldn't hold a candle to this. I think everyone is thinking in terms of the next softy or Dell but rather than waiting 5 or 10 years to see if things have a chance of panning out, it is assumed it will, the company will dominate the local group of galaxies, so lets buy at any price, even if it is an increase of 10 fold in 2 months. I mean ebay is a national want ad site - big deal. I get it, I just can't believe it keeps going. I don't know enough about all the interactions of the options/index markets, but I get a feeling something it going on that is not readily apparent. Like companies selling puts and tying in stock repurchase programs at the margin partially funded with the cash generated by the options?

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