I am very relaxed, I have made a fortune in GALT XYLN DCLK and NITE.
Investing is to make money. It is not a popularity contest or a boxing match.
I do have a weakness. STUPIDITY upsets me immensely, and makes me do things that I normally refrain from doing.
This is my last post on this subject. You want to follow Mr 1day trader do so at your own peril.
Found this post on THE RAGING BULL. Enjoy
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By: InyoDreams
Reply To: None Wednesday, 5 May 1999 at 6:03 AM EDT
Post # of 1982
NITE mkt cap is 8 billion because...
They earn 3.47 profit per trade, and at 1 million trades per day in 2000 projected
...that's 3.5 million per mkt day in profit.
or about 750 million in profit for the year...
(cash-flow is $8-9 per trade, isn't it? even better...)
If for 99, they avg 300k trades per day, that's about 1 mil. earning per day, or 220 mil for the year... so a cap of 8b would then be a PE of 40 or so for this year....
So at a mkt cap of 8 billion, I only see a PE of 10-12 or so -- even if it takes until 2001 to get 1 mil. trades per day.... I can handle that as well....
If the cap were only 2 billion, the forward PE would be about 3-5! yikes.... not even a utility company has a forward PE that low!
SHORTS (or sellers) of NITE seriously need:
(a) math lessons
(b) optimism
(c) a lesson in stock markets
(d) the ability to project into the future
(e) better power of discernment (ie, to find better stocks to short)
I see 200 coming, POST SPLIT... before 2000...
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Now, this is a thinking and analytical mind.
Bye Bye
Robert
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