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Technology Stocks : Lucent Technologies (LU)
LU 2.600+1.2%1:00 PM EST

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To: Chuzzlewit who wrote (12070)1/5/2000 7:57:00 PM
From: The Phoenix  Read Replies (1) of 21876
 
Chuzz,

I think your valuation method misses a key point. Technology stocks (and certainly internet stocks which I consider to be a different category) are not being valued using such strict perspectives. Clearly valuations are a function of a variety of things - some of which you aren't capturing.

- Expecations
- Momentum
- Technicals (which almost always ignores fundamentals)
- Relative Valuations (look at the Nuts!)

Using your methodology the only stock in this sector that anyone should touch would be COMS....or perhaps CS... right?

OG
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