Tekelec Message Board - Msg: 12254984

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Technology Stocks : Tekelec

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To: Esway who wrote (1202)	12/10/1999 6:09:00 PM
From: John Curtis	Read Replies (4) of 1648

LOL! "Hype.com". Brrrrother, have you ever got THAT right. I tell ya, the market is positively scary....where PE ratio's(that determinant by which in day's of old a reading of relative worth could be established) are stratospheric. I've never seen anything like this....it's become normal for PE's to be acceptable when they're in the 100's, 200's...hell..500's.. Folks aren't chasing a company because of any sort of rational fundamentals. They're chasing a piece of paper that is perceived as somehow increasing in value. TOTAL disconnection between the paper and the intrinsic merit/worth the underlying company can support. In fact, if you asked most shareholders what they know about any one company they're chasing....you'll find a staggering lack of knowledge. Mania...pure and simple...These days are shades of Great Gatsby! This cannot last....but all one can do, if you feel the same, is keep one eyeball on the exit door and the other eyeball watching the fantasy pile ever higher, so that when it crumbles it doesn't land on YOU! Everyone have a great weekend.. John~

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