Mark,
If the NAZ crumbles, its over for everybody, and I won't hesitate to sell. Those predictions are very optimistic, although at 7X sales VECO would be at 90, which would put it closer to its peers, but still under them, valuation-wise. The 120 is a long-shot, but 60 by early February is pretty likely, IMHO.
I don't think the NAZ can continue on a tear, like it has. I have been thinking about selling into the January rally, if we have one. There is a dark side of me that wants the market to tank, a good 30%-40% would nice. Too many people with zero knowledge are making too much money for this to continue, they need a lesson. Too many stocks are way inflated, all the past characteristics of a market top aka "bubble" are in place, the question is when. When do you sell and go short?
Oh well, this is all speculation...but that is what these messages boards are for.
Cheers,
Tom |
