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Cincy Trader

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Cincy Trader

Re: cannabis post# 646952

Thursday, 03/18/2010 11:52:18 AM

Thursday, March 18, 2010 11:52:18 AM

Post# of 704019
True, but the 2000 peak in the Naz was idiocy beyond belief with Anything-Internet companies trading routinely at 200X and 300X sales, some infinitely more than sales because they hadn't had any yet.

Even real companies were out of sight. I remember when Cisco hit the top of the pile in Market Cap. The day to day variations, i.e. +/- 5%, would swing the market cap by 50 or 60 billion dollars making their day to day variation greater than the market cap of 10 or more of the DOW stocks.
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