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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: vegetarian who wrote (10634)	11/30/1997 4:10:00 PM
From: Staff	Read Replies (1) \| Respond to of 94695

>>Bre-X etc, the speculators bought such momentum stocks on their own may not be a good analogy.<< I agree with IDID but Bre-X was highly recommended by just about every firm that deals in this sector and there are many very astute firms that are household names that got burned on that one.. They were telling people it was the single largest gold find in the world. This thus was being portrayed as no fly by night penny stock but rather a company that was for real and was going to around for quite some time to come.. Want other examples. try Diana Corp DNA... a $4.00 to $100.00 to zero run. How about ZITL and DDIM both big Y2K plays that many recommended and put out as strong buys. Zitl $6.00 to $60 and back to $11.00. DDIM form $4.00 to $42 back to $18.00. Even Fidelity's Fund is rumored to have taken a peice of the fund cash and was a buyer in the $32.00 range as I assume their research thought a stock selling at 200 times earnings whose product was only good threw the year 2000 was a good buy at $32.00? I hear stuff like this and it makes me wonder what in the lord are these folks thinking. Sounds like Casino investing to me?