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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (29180)10/9/1999 1:58:00 PM
From: Suresh  Read Replies (1) of 50167
 
Ike,

I have read thr' many of your posts and congratulations on being right on the money regarding market direction. But to say that all bears loose out big is kind of stretch... there are many stocks making new lows than highs. Any bear who is not shorting the top 100 stocks but other stocks is making a reasonable amount of money. Maybe not as much as a bull having bought CCU or MSFT or CSCO or DELL or TYC etc....

If I remember right, you were buying property in france and other places when no one wanted and you profited handsomely when the true value of those properties were discovered by the masses. To discredit Warren Buffet just because he doesn't invest in technology is trying to compare apples and oranges. I like Warren Buffet simply because of his style and sincerity. He invests in things he believes in and sticks by it. On the other hand your approach seems to be more geared towards the opinion of masses these days (pure speculation on my part...I am sorry if I have misunderstood you). There is nothing wrong IMHO with either approach.

Since you are so bullish on AMZN and YHOO.... could you project the earnings of either company going forward 10 years and discount it back to current pricing to justify it ? I have very hard time imagining that they will grow going forward at the same rate as they have done in recent years.

Oh.. I am a valuation bear on the top 50 stocks.. but that doesn't mean I am short or shorting those stocks.

Regards,

Suresh
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