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Leapfr leapfrog. Whats leapfrog . Its when a particular companys stock moves up. It causes other stocks to be revalued higher, almost instantly. How does it happen . Lets start playing. Take the actions in the airline the reason we had gary kelly the perfect ceo thug, he had solid things to say about novembers bookings. The name of the traffic pickled up week after week after week postelection. That was news today and the stock quickly moved up smartly. Now we get to the valuation part t. Priced earnings multiple. Remember stocks dont trade on absolute basis, they trade on a relative basis. Nobody cares that southwest is a 50 stock. We dont think its twice as expensive as a 25 stock or half as expensive as a 100 stock, thats nonsense. What matters is the earnings per shares, what we are willing to pay for them. It often symbolizes. When gary came on this show, southwest was swell selling 13 times next years earnings estimates and they are wildly regarded as the best capitalization in a

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