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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: Kaliico who wrote (34495)9/12/2000 12:04:22 PM
From: Rande Is  Read Replies (6) | Respond to of 57584
 
Kaliico, I wrote several long posts early this morning on Fuel Cell stocks. . . discussing them at length. Did you miss those?

I believe this move to be NOT merely a momo play like China stocks. But instead I think it is driven by some rotation from the oil sector money. Those in-the-know realize that Fuel Cells are the next important energy technology. . . and will reach from massive turbines all the way down to cellphones.

The thing that must be remembered is this . . .

It is the job of the markets to FUND important technology by driving up valuations. This in turn allows high-tech companies the financial freedom needed to research and develop important new products and begin production. The sale of these new products thus drives the earnings of these companies, which comes back full circle to reward investors.

This is what we did with IBM, MSFT, CSCO, AOL, YHOO, etc. Fail to recognize that valuations MUST be driven to the heights in order to PROMOTE the corresponding technology, and you could miss a most important part of playing stocks. . . and one that leads to extraordinary percentage gains. . .

Anyone remember back in the first few months of the HOME thread, when we would "Name That Movie". . . .

Here is a quote from a popular recent movie. . . which is it?

"I bought Intel at $6"

Rande Is