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Extreme Networks Inc. Message Board

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  • mc2k mc2k Jul 21, 2000 1:00 AM Flag

    overvalued my

    If everyone is optimistic and shows no fear at
    all, we are close to the top. Don't you agree? New
    highs scare people. How many people were scared out of
    cisco, microsoft, etc. years ago? Paradox of the stock
    market: do you buy strong new high (overvalued?) stocks
    coming out of sound bases or are you willing to put your
    money on cheap (undervalued?), laggard stocks? I am
    surprised to see that still more people are more willing to
    buy stocks at so-called bargain prices, because this
    will let them feel safe. They'll say to themselves
    this stock is so cheap and undervalued , so how low
    can it go? This idea is dead wrong.

    The value
    of a stock is determined by collective wisdom of
    millions of investors acting in their own best interests.
    If a stock is cheap, it is cheap for a reason.
    Similarly, if a stock looks expensive, it is expensive for a
    good reason. So why not share the wisdom of millions
    of traders who determine the stock price everyday?

    Let your profit run until you see over-optimism. EXTR
    will not top if there is so much fear.

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