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To: H James Morris who wrote (125424)5/22/2001 9:02:53 PM
From: Victor Lazlo  Read Replies (1) | Respond to of 164687
 
<<I think every stock is overvalued, including my own!>>

H.J., every day the market re-values your stocks as well as mine! So they are not undervalued or overvalued. They are simply constantly in a state of being re-valued by the market.

Stock ABCY is not overvalued or undervalued. Its value equals exactly what the mkt is willing to pay for it right now. Or in the pre-market, or at 9:30 ET, tomorrow.

This of course has nothing to do with the actual value of the underlying company. Only the stock.

Was it Vince Lombardi who said, "On any given day...."



To: H James Morris who wrote (125424)5/22/2001 9:17:51 PM
From: Victor Lazlo  Read Replies (1) | Respond to of 164687
 
"I made and lost 600k in the last year, but at least I still have my lincoln."

H.J., some friends of ours just bought a repossessed Steinway piano. Now, how they sneak in at night and tow away the Steinway is beyond me- I mean I realize they are on casters for easier moving, but can you imagine having to tune the Steinway after it was towed a few miles?

Glenn told me his jewelry repo business is booming- towing charges are nearly nil since the stuff is so small!!

Oh well, keep some cash- there sure are some bargains out there if you are looking for hardly-used high-end stuff!!
Victor