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Strategies & Market Trends : Strictly: Drilling II
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To: SliderOnTheBlack who wrote (4968)12/5/2001 8:39:39 PM
From: Jacob Snyder   of 36161
 
re: CNBC - "NASDQ shatters 2,000 !"

I remember the first time Nas was at 2000, how CNBC celebrated it. This time, I celebrated by buying some JNPR put LEAPs. Revenue flat in CY02, compared to CY01, losing market share to CSCO, too much debt. Their customers (the telcos) have the worst balance sheets outside of Japan, and won't be increasing capex till 2003 (at the earliest; maybe not till 2004). Forward PE= 25/0.45 = 56, seems a tad high. Some of the liquidity the Fed is pouring out, has sloshed into JNPR, and it's tripled in 2 months. Just one example, I could have picked just about anything in the Nasdaq 100.
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