To: Darwin Tu who wrote (2098 ) 4/7/1998 7:59:00 AM From: qdog Read Replies (1) | Respond to
qdog, regarding CNBC's comment on LU overvaluation, I have my two cents. I think most analyst are trying to make a name for themselves and if the call is right regarding overvaluation, they become instant heroes. Personally, I don't think they add any value to our stock arena. If LU is overvalued, why are people still crazy about the stock. No one is sick enough to gamble 130 dollar "the next MSFT"? People tend to only "discover " a stock after it has moved 60 or 70% I was in it from the IPO and spinoff. I didn't "buy" when the word on the street came out about a 2 for 1 spilt which automatically causes a rush into any stock. Hell they got a paging service for split stocks now, and who is the selling feature in the Commericial "I bot LU options when they announced a split for a whoppong $12,000!!" Sorry that isn't investing, that herd mentality and quick buck artist. Look at the number that sold LU and shift to another stock for a run at a split?? I'm not argueing with there style and I wish them well, but that is part of the mania. Momentum players, well, they leave and then what happens?The comment on LU being too expensive, then I think the internet stocks, the AOLs, the Yahoos and what not should be banned from the market. Some of these guys don't even generate revenues or break even at this time. At least LU is a billion dollar firm who has put most of its effort on R& D and are just beginning to exploit their expertise to the marketplace. This is a first class company that will bring much value added to our society just as what they did by inventing the transistor. So CNBC should smell the flowers and begin to really appreciate good companies versus companies that trades up on hype..
