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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread
VTI 336.34+0.3%Jan 2 4:00 PM EST

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To: MrGreenJeans who wrote (142)7/9/2000 3:19:56 PM
From: Justa Werkenstiff   of 10065
 
MGJ: Re: "What I have not seen anyone project on this board are their decreased profit estimates for either later this year or 2001 translating into lower equity prices...Tell me your profit estimates and..."

It does not matter IMO. The lesson of the past few weeks is that if you miss your numbers in any way shape or form, you will find the hammer of God. It is an instant 40 - 60% haircut. Why? Because valuations overall are near all time highs and the valuations for Nasdaq stocks are incredible.

Re: "I am venturing a guess that profits in high technology stocks will be effected a lot less than most think."

All it takes is a one penny miss, slightly missed revenues or a questionable outlook and that will give you a haircut of monster proportions.

Thanks for sharing your views.
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