Tulipomania Blowoff Contest: Why and When will it end? Message Board

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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?

YHOO 52.58

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Jun 26 5:00 PM EST

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To: KyrosL who wrote (1726)	7/26/1999 8:26:00 PM
From: bobby beara	Read Replies (1) of 3543

Must have touched a nerve -g-, by victim, i meant that it was on the hot list, which may or may not be a contrary indicator. Regardless of the fundamentals, the chart has gone parabolic and is vulnerable to profit taking and if you look at the volume profile the rally into the latest peak was on lower daily volume than the selling off of the peak. there are a lot of other forces in the market that may make this point moot. >>QCOM has real earnings that are currently running at around $4/share which give it a current p/e of 40.<<<< as 40 p/e is a goldilocks p/e. goldilocks depends on too many bears (most have thrown in the towel) low rates - stopped 9 months ago, and a new era economy (boom/bust has been repealed)_ bb

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