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Technology Stocks : INTEL TRADER
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To: Investor2 who wrote (4733)11/27/1998 7:11:00 PM
From: Berney  Read Replies (2) of 11051
 
I2, Re: Insanity

All excesses, particularly financial ones, will sooner or later resolve themselves.

Another of my favorite examples is WMT. WMT is one of only 20% of the S&P 500 stocks that has sequential, annual growth in revenue in EPS over the last 6 years. Obviously, an outstanding company.

But, if you had bought the stock in late 92 / early 93, it took you until 97 to get even. Perception had exceeded reality and it took a period of time for reality to catch up. It will happen again.

iqc.com

Berney
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