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Technology Stocks : Forecross Corporation : Y/2000 -- Ignore unavailable to you. Want to Upgrade?


To: Mr. Forthright who wrote (971)5/6/1998 9:53:00 PM
From: Rick Voteau  Read Replies (3) | Respond to of 1654
 
I'm not just saying that momentum only attracts buyers to Forecross. I am saying momentum attracts buyers to just about any stock.

Is Dell computer worth 35 times as much as it was two years ago because the market is efficient? Many investors are strictly momentum players. Investors Business Daily and the relative strength section is also built around that concept.

Nothing nervous about it, when a stock builds momentum, it attracts buyers strictly because of the momentum. When it loses momentum, it can also attract sellers.

Make up your own mind about Forecross. I stand by my statement that anticipation of future earnings and investor psychology primarily around momentum, drives stock prices.