TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Bidder who wrote (43456)	4/16/2000 8:30:00 PM
From: ChrisJP	of 150070

Hi Bidder, We may see some "reflex rallies", but they will probably be short lived, since the investment mood psychology now is to sell into strength. The chart of the triple-Q's says it all. bigcharts.com Don't be surprised if the NASDAQ trades, even briefly, between 2800 - 3000. IMO, it won't be over until CSCO has a P/E of 80 and MSFT has a P/E of 30 - 40. This is gonna take some time to sort out. Complicating matters is that this is an election year, and our government officials will make every effort to defer the inevitable until early next year. It's hard for me to see any cure for full employment, wage inflation, and basic commodity inflation other than recession. Despite my gloomy prediction, there will still be some nice rallies and individual cases to make some money on. Also consider that the NASDAQ should never have climbed from 3000 to 5000 in 5 months in the first place. Heck, it shouldn't even have made it to 4000. But this is the same universe where CDNO traded above .70 (now .05) and AOXY traded at .38 (now .08). So go figure. Just my thoughts, Chris

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