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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: bozwood who wrote (29657)3/30/2005 9:41:58 AM
From: Wyätt Gwyön  Read Replies (1) | Respond to of 110194
 
that still doesn't begin to explain why NCR should lose 17%. and sorry, but you can buy a hatchet for $20, why should investors say that a Hurd hatchet is worth billions? anybody can fire people. Chainsaw Al might be looking for a job...
it's basically irrational. but then, if tech investors were rational, the industry would be recognized as the cyclical destroyer of capital that it is and Nasdung wouldn't have a big electronic billboard in Times Square.