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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?


To: Lymond who wrote (28717)4/24/2000 3:51:00 PM
From: Alias Shrugged  Respond to of 42523
 
It is sad. I wonder how many folks have been in the final stages of a momentum stock/sector/market. MoMo drives things so high, the extraordinary becomes the expected. And when the MoMo money leaves, everyone hangs in there and buys the dip and averages down because of the "great fundamentals." Yeah, PE of 200 or whatever indicates solid fundamentals.

Oy, don't get me started!