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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?


To: KeepItSimple who wrote (57119)4/5/2001 12:31:29 PM
From: David Howe  Read Replies (2) | Respond to of 74651
 
KIS,

<< Who was right, the "market" or the guy who sold short Inktomi at 200 per share? >>

You're correct, the market can certainly be wrong about valuations.

But, the market is rarely wrong in regards to how it interprets news. For example, if there's a rumor that a company will delay the launch of one of its most promising products, the market moves the stock lower.

It's that simple. <g>

Dave