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To: 16yearcycle who wrote (56757)	5/14/1999 11:36:00 AM
From: Sarmad Y. Hermiz	Read Replies (2) \| Respond to of 164684

Eugene, Something I want to ask you. This business of stocks running up to e. Then dropping. Doesn't this depend on buying pressure by new speculators who don't know the edge of the cliff is looming ? Here on SI everyone knows this, and so normally we would not buy into this run-up, but instead sell. But I wonder doesn't the whole world know this by now ? Why on earth does anyone buy yhoo at 240 on the day before earnings ? Were they on another planet the previous quarters ? Are they nuts ? And if they are nuts, how did they come up with 20 grand to blow away ? This always puzzles me.