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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (3135)2/10/1999 8:07:00 PM
From: Andrew G.  Read Replies (1) of 57584
 
Rande:rf "How would you like it?" Would you compare this to All-Star balloting?

Fans can vote for their favorites, but everyone knows that those favorites are not necessarily the most worthy athletes to perform in the all-star game nor would they necessarily show the best performance.

Likewise, consumers vote with their dollars for brand-name products while many generic brands or lesser known brands would do just as well and sometimes better at a lower price.

Assigning human values to anything is necessarily a subjective process. Whether we pick stocks, all-stars, consumer brands, or beanie-baby collectibles.

This week a bagel company-come-internet (BIGC) was the flash in the pan for 2 days and a company (MTMC) that was recommended by a magazine (that was mistakenly identified as another better known magazine) had a major run and collapse. Today a stock doubled by repeating last weeks press release almost verbatim with no additional news (HSNS).

What is the 'true value' of any stock?

Might as well ask what's the latest fashion?

It's all arbitrary. Tomorrow the i-nets could come crashing down or they may rise to higher heights.

"The answer my friend, is blown' in the wind."
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