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Barrick Gold Corporation Message Board

  • mentges mentges Feb 13, 2002 12:33 PM Flag

    Today's Dow rally . . scary! AMAT

    AMAT (Applied Material ) is the poster boy for inflated stocks . . .yesterday was selling at 127 times earnings - today it is selling at over 200 times earnings. . . revenue fell from 2.36 Billion to 1 billion, and "profits" were 2 cents a share vs. 19 cents a share! And of course they really had a loss because of a writeoff. . .stock up big time today.

    This just proves how deluded people are in buying stocks. Now I know the DOW will crash to 3800 or lower!! Buy gold.

 
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