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To: Robert Duncan who wrote (9064)7/7/1998 4:07:00 AM
From: Dwight E. Karlsen  Respond to of 164684
 
Robert, since nobody responded to your post, I will give you my 2 &cent.

The most important thing that is the hardest to come by when investing in the stock market is patience. Yes, PRST was at one time trading at 200, and is now in the garbage barrel, unwanted and unloved by the masses. The list is long. Zitel traded briefly in the 60's and 70's, and for quite a long while in the 40s, now it struggles to keep above $5.

One thing I've found is that the former momentum stocks drop off the cliff usually after most have given up or all but forgotten about them. The same can be said of course about stocks that eventually make dramatic moves up. There are a thousand different ways to pick stocks and invest -- whether you are simply day-trading or actually investing in a company "for the long haul".

I think most people, including fund managers moving gargantuan quantities of money around daily, pretty much buy and sell on little more than whims. Certainly today there weren't too many people who just completed a major amount of research in 'net stocks, and all just happened to be buying in today by coincidence.