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Here's an explanation I prepared for our weekly newspaper feature (more about that at: http://www.fool.com/Specials/1999/sp990409Newsprint.htm)SelenaQ. What does it mean when a financial guru on television says that a stock is "overbought"? -- A. F. R., HartfordA. The term "overbought" suggests that too many people were trying to buy the stock, sending the share price higher than it should be. The guru is trying to make a short-term call on a stock price, which we think is futile.
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