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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: jeffbas who wrote (7843)	7/25/1999 3:11:00 AM
From: peter michaelson	Respond to of 78843

Jeffrey, the former, most definitely. I don't buy stocks that have tripled in a short period, except Sonosight. But you do seem to feel that past prices are somehow indicative of possible future prices. I guess I look at this too, but with very little confidence that it's meaningful to do so. The two paragraphs above are contradictory, aren't they? FWIW, I bought NH at $8 7/8 in March, like most of us here. When it doubled, that didn't seem sustainable, so I sold at $17.50 in May. When will I learn that the denizens of this thread (except myself) are the smartest, and I should triple up on my bets? peter