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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (28479)	2/8/2002 12:04:40 AM
From: TREND1	Read Replies (3) \| Respond to of 99280

Soft I have a friend you buys only small companies with PE's under 10. He has a good small company with a solid PE of 5, but it doesn't move. I keep telling him that a stock is just a piece of paper that you buy in the hope of selling it at a higher price. But if no one knows about your stock,it is not going to move no matter what PE it has. Right now every one loves EMLX and it will keep going up and up until it's story gets old. You may see EMLX as a bubble and you may be right. But until "the world" agrees with you it is stupid to short this stock.IMHO So you may be right, but wrong. Larry Dudash

To: Softechie who wrote (28479)	2/8/2002 4:30:34 AM
From: LTK007	Respond to of 99280

within the article you posted we get the defining as to who the herd is really is <<The decisions of mutual funds, insurers and pension plans are supposed to direct capital to the most promising uses. If the numbers are bad, the decisions are bad. Savings flow not to the most promising investments but to the ones that paint the prettiest pictures.>> what makes the average investor a member of the herd is they are so naive to think the big Mutual Funds etc,are actually sharp/savvy/knowledgeble--but in the main this is not so.EMLX is so stong because the pension funds/mutual funds et al are monkey see monkey do twits:) -- that is the foundation of the herd. The 20 year bull market bred a generation of brokers/money managers with mental deficit from the lack of any challenging circumstances. This is a GENERALIZED statement,and,yes,there are sharp/savvy money managers out there---but finding them the problem,in the main they are not available to but the significantly rich clients who will pay the price to get the talent--i read where one money manager got paid up front one million dollars by Gates to just handle the money--commissions etc,then were added in.