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Byline: Jonah Keri
Investor's Business Daily
A dollar for a lobster dinner. A Lexus at a Toyota price. We're all out there, looking for that killer bargain.
Lately, some of the biggest-name stocks may look nearly as appealing. Cisco at $24! Oracle at $22! Ericsson at $8! Everything must go!
Don't be roped in. That Lexus you think you're buying could have the guts of a 1986 Yugo. You almost always get what you pay for.
The same is true in the stock market. Yet ba
rgain hunting remains a sacred cow to many pundits. If a stock is a good deal at $40, they reason, it must be a great deal at $25. Buy low, sell high, they advise.