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To: yuedong wu who wrote (5877)1/7/1998 11:33:00 PM
From: craig crawford  Read Replies (1) | Respond to of 27307
 
Who cares as long as it's going up? I'll buy tulips if I can make a good return on them.

Welcome to the world of momentum investing my friend.
Unfortunately momentum works both ways as Hong Kong is finding out tonight.
Down a healthy 425 points. Hmmm...Let's see... that makes 1200 points in 3 days. Yahoo!!



To: yuedong wu who wrote (5877)1/7/1998 11:35:00 PM
From: Rational  Read Replies (1) | Respond to of 27307
 
If one knows for sure that some body (behind the scene) is going to buy the stock at the ask, sell (if necessary) at the bid, and buy at each dip so that the price does not go down, why would one care for P/E, P/S or anything else? <GG>

Sankar


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