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To: Dale Baker who wrote (1109)4/5/1999 7:04:00 PM
From: James Joyce  Read Replies (1) | Respond to of 1195
 
thread - irrational exhuberence seems to be taking over. Stock has tripled in a year - hopefully earnings reflect the price growth. If so then great but if not then the stock will be trading at unsustainable multiples - except for the bigger fool theory.
The company is solid so accumulation is the best approach. I just see this as a new major high which makes it high risk at this price.
IMHO
James