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Technology Stocks : UNPH _ Uniphase
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To: Stewart V. Nelson who wrote (1100)2/5/1999 8:17:00 PM
From: IngotWeTrust  Read Replies (3) of 1261
 
Stewart sez: "...your technique for determining momentum now?"

Hi, Stewart,
I read something today uttered recently by Jim Grant of Grant's Interest Rate Observer that resonated and made me think of our exchange the last few days. Mind if I share?

Grant said: Momentum investing is NOT investing, as I find investing to be trying to buy a dollar for 60 cents.

Momentum investing is the belief that you can buy a stock for $3 and sell it for $4

Any commentary? Especially in light of UNPH's wicked selloff these last few sessions?

O/49r
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