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I'm sure there's a flaw in that line of thinking !! I seem to remember reading (I think it might have been Weinstein) that it is what the market thinks that is important - not what you personally think should happen to a stock.

Sorry Harmy but I'm sure there is a flaw in Weinstein's line of thinking. For short term trading it might not too far from the ball though.
Are you familiar with Ben Graham's "Mr Market" story?
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