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Technology Stocks : FNCM Finet.Com
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To: learnstocks who wrote (1206)4/30/1999 5:49:00 PM
From: ScrapCollector  Read Replies (2) of 2420
 
I guess too much cheerleading can make us callous to good news with support, but personally, I don't mind at all. I suppose I'll do a bit of cheerleading as well:

The CEO of Berkshire Hathaway (BRKA/BRKB) has recently invested a significant amount of money in the real estate sector. This may be in anticipation of a healthy long term growth in that market. Housing starts are up in April, as I read in a paper somewhere recently. This should be a very good news to FNHC. I'm openly rooting for FiNet's management to deliver the most pleasant house buying experience on the Internet. Let's click to close! (to paraphrase Mr. Rawitch)

I can speculate that the recent decline in price is one way to wash off the short term traders. "There's news, and no jump in price? I better get out!" Of course, to be fair, I can also speculate that FNHC is going out of business, but there's too much evidence against that :-)

By the way, not many people will bet against the CEO of Berkshire Hathaway. His name, after all, is Warren Buffet.
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