I'm just telling you the bald reality of it, that if you
go by other than relative valuation ie require the supposed future earnings to [ay for your invested funds, a
multiple of about 20 is my valuation. At that I'd nibble.
As long as the dot.com stock market flourishes without review oracle will have a lot of customers flush with fresh ipo and seed money. Can they make money in the other endeavors? Does anybody make money in a sustainable food chain, in the virtual economy? NO, it is funded by inflows
of IPO cash, some salaries are consumed in the middle, at
end are the mega-rich CEOs of two-bit hotshit.com.
As to perfume, the only perfume that's worth a damn is
the stuff you buy at Tiffany's, right? Don't ask the price,
just be assured its the "best" brand. Your beloved company
is not valued like tomatoes or raisins, with benefit proportional to substance, but as perfume. Congratulations,
that is exactly how you want it. Now if you can't take profits now, when can you? You can only lose when your stock drops and you sell, a corollary to that is, you'll
never win until you sell when it rises. |
