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Bed Bath and Still Beyond (The Motley Fool)

24th Sep 2005, 02:04 GMT

The Motley Fool - Like the lion-fodder of Africa, stocks often move in herds, as professional investors decide: "Oh, I need to own semiconductors" or "Ick, I don't like steel anymore." Often as not, this comes as a result of the bleating of Wall Street analyst-sheep who all want to be the first to make a call, but all fear straying too far from the herd and seeing themselves culled away from their Mercedes by being too early (i.e., wrong).

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