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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: IceShark who wrote (32943)4/13/1999 9:14:00 AM
From: TheStockFairy  Read Replies (1) of 86076
 
Looks like I was lowballing on my 150 estimate. I keep forgetting that a 60 point or 40% runup in stocks is not all that uncommon anymore.

This also fits into my analyst upgrade guideline:

If you are going to upgrade and give no reason, slap a rediculous price target on it.

All I see in the mornings now are 3rd and 4th tier internet companies merging with other 3rd and 4th tier companies. Couple that in with deals like the CBS ones and we are going up. Something interesting that I have been seeing is that stocks are trading up on rumors (ex: AOL and CBS merging, or Circuit City selling off Divix) and the stock rallying. When the rumors are proven untrue, there is a disproportionate fall in the stock price, if any.
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