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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: BDR who wrote (6639)	4/10/1998 1:55:00 PM
From: Oeconomicus	Respond to of 18691

<Dale as YHOO went from ~ 60 to ~ 100, $400 invested in YHOO for the Q woulda made ya ~ $266, or about 831 stamps :-)> And if I buy and hold now I will get 831 stamps next quarter and 831 stamps the quarter after that... :) Dale, you joke about it, but it seems to me that many investors out there really do equate returns on the stock itself to the success/profitability/ROE of the business. In other words, if a stock doubled last year and the underlying business trends haven't changed much, then it should double again this year. It doesn't matter that the underlying business trends of revenue or profit growth are really in the teens or single digits - stock growth IS business growth. Just another part of the mania. Bob