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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ1065 who wrote (10695)	10/31/2002 10:32:07 AM
From: SusieQ1065	Respond to of 57110

here comes $80 on IBM...egads..

To: SusieQ1065 who wrote (10695)	10/31/2002 10:45:51 AM
From: X Y Zebra	Read Replies (1) \| Respond to of 57110

Ms. Q. Good morning... I do not pretend to understand all this action, it just does not make sense... I really do not want to commit to the long side at all... I just feel if I do, 2 minutes later we are crashing hard... I have no explanation whatsoever for the way some of the stocks move. I can understand some like ACS or even QLGC as they do make money, their p/e is (not the greatest), but 'relatively' ok --I mean by mania standards... But there are others (EBAY, my favorite pig mistress) with p/e's of around 100 that it just makes NO SENSE. yet the stupid things continue marching on up... even on bad news... I have no idea what motivates someone to buy stuff like that. Here is where I stop having "compassion" for morons who buy these things at these prices and then when the crash hits them, they start moaning as if they were birthing cactuses.... so.... I am just shaking my head.... I want to short stuff badly... but I am having second thoughts and I dare not go long (other than perhaps a day trade), but even then... I do not do it with confidence... I suppose that I must go to the store and buy more patience.