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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?


To: Emec who wrote (6763)2/13/1999 11:13:00 PM
From: Bill Wexler  Read Replies (2) | Respond to of 18998
 
Actually, the NASDAQ rose from about 2300 on Jan. 21 to over 2530 in early February...a 10% rise. During that same period HDIE stock dropped (Check out the charts of NASDAQ vs. HDIE from mid-January to Feb. 1). The NASDAQ is now at about the same level as when I first pointed out that HDIE was grossly overvalued...yet the stock is down 20%.

As far as the stock tripling in a month, I suspect fraudulent stock promotion but I can't prove it. Though if I get the goods on this company I promise I'll revisit the HDIE thread with the details.

<<You must have been a child prodigy!>>

No. However I did learn to separate fact from fiction at an early age. That's why I've made a lot of money in the market.