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To: Elmer who wrote (2361)11/20/1997 4:43:00 PM
From: Scott Maxwell  Respond to of 93625
 
You're welcome. The company's great, the people topnotch, the future rosy (if risky), but the mood swings are causing small investors to buy in too high and sell too low. The company benefits if the stock price is stable-to-rising, and small investors should think long-term, buy in on the negative moods, and HOLD. Until at least 2001!

CNBC's unquestioning repetition of the H&Q report accounts for about 10 points of today's rise. From past experience, such "advertising" brings in a lot of small investors at high prices, and when it fades the price falls back. Small investors who experience this are unlikely to stay as happy long-term stockholders.