boilnoil - down, well that is the take of Dave Jennings on financialweb: financialweb.com , I love the contrarians.
"We're at a point now where it's safe to conclude professional traders have already shorted stocks at higher prices. As they continue to be marked down, the amateurs will gather up the required courage to sell short stocks that have already declined 15, 25, to 50 percent. The pros know this. All they need do is initiate a little rally with their additional capital to confuse and confound the public into covering. Then down we go again."
My take for the like as CSCO is, that these companies will not be able to expand indefinitely. Even through acquisitions. Not all are able to put a "destroy your company dot com" programm, and some companies have a telephone book of products and integrating all these products and services is an endless job. Some other of these companies have reached the saturation point of the market.
Time to value these companies at multiples relative to their (slowing growth) IMHO, and this is going to be really painfull in the (near?) future. I have many bellwethers in this list: CSCO, MSFT (isn't it funny, both are part of the Dow Indu, the "old economy" index) NOK, most Telco's,.... |
