Greg,
No offense, but what stock market do you follow? You could argue most Internet stocks are grossly overvalued, but you have to get things in the proper perspective. I'm not saying that you should buy or sell anything, just realize the sandbox (no pun intended) you are playing in.
As an example, ATM switching was a hot topic and growth industry (still is, look at ASND/LU) in a new paradigm several years back and the frontrunners CSCC, STratacom, FORE NEVER, in my opinion, were at levels that looked properly valued. They always had giant market caps, even up to when they all got bought out. Maybe thats just what happens to the leaders when there are only a few of them? Will BRCD and ANCR get down to 'properly' valued stocks in this market as the two switch leaders in a new paradigm? Good luck. ;-)
Storage, last time I checked, gets cheaper every year.
cheers,
pigboy |
