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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Land Shark who wrote (12264)	12/11/1999 10:15:00 PM
From: RockyBalboa	Respond to of 18998

A must read - though hardly on topic. ... prudentbear.com

To: Land Shark who wrote (12264)	12/11/1999 10:19:00 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 18998

You know the rules have been blown away w.r.t. to valuing companies. I think the daytraders have taken over the Nasdaq and we all know they're all financial analysts. No sirreee, no ex-taxicab drivers, Burrito sellers or truck drivers in that gang. Not quite. Besides a tolerable (?) gain in the major indices, a big redistribution takes place. Just look at the growing number of dogs. Stocks losing on a monthly basis, making new yearly lows. ... One point remains valid for me - when the bakers, the taxi drivers and their brothers are now "making in stock" then it may be a good time to take some off the table, especially in the high flying sectors. ...read Bill Wexler's notice roughly one week ago. Maybe you can answer me a question: VCs, insiders of freshly issued companies (AKAM, FDRY, CMRC, PHCM etc) sit on tons of stock (especially when compared to the zero float). What would they do? Sell? Average? Forget about them at all, because they never recognise the paper gains as being for real?