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To: David Harker who wrote (98266)2/12/1999 9:00:00 PM
From: yard_man  Respond to of 176387
 
I shouldn't have posted to you since it wasn't something you said.
I jsut found it funny. A 11 - 12% drop off an all-time high with a stock that is up how many hundred percent in the last couple of years?

I would reserve the phrase for a stock that gets cut to a quarter or a fifth of its value over a short period of time. Some of the oil drillers fall in this category. In 96 and in 95 I remember this happening to the semis. This also happened to the disk drive mfrs.

I just had to laugh at the hyperbole ...



To: David Harker who wrote (98266)2/12/1999 9:11:00 PM
From: Skeeter Bug  Respond to of 176387
 
>>"If you don't buy when a stock drops 11% on an ignorant, wrong
rumor, you are missing a good thing".<<

first, down revs for the first time in the history of the pc isn't a rumor, but fact. i've stated this on this thread for several days. consumer pc growth is better than business b/c business has to pay for y2k solutions.

some would argue that the decline in what used to be the growth rate isn't due to y2k. well, whatever.

second, your statement is dangerous. it is true sometimes and not true others. however, it does represent the simple minded approach to "investing" that is so prevailent these days. that approach is dangerous, too. as, no doubt, some will find out...