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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 687.85

-0.4%

Dec 29 4:00 PM EST

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To: Jerry Olson who wrote (42507)	3/7/2000 11:12:00 PM
From: Dwight E. Karlsen	Read Replies (2) of 99985

i've been saying all along..smokestack stocks...are stodgy and can't make the profits the techs can... as we slow they will get killed... ------ The profits that techs can...uh huh. Like AMZN, you mean? Or the fact that the majority of Nasdaq stocks are money-losing companies? And how about your WAVX? For the nine months ended 9/30/99, revenues rose 47% to $70 thousand. [Hey, wow! a cool $70 thou!] Net loss applicable to Common rose 74% to $18.9 million. Higher loss reflects an increase in personnel, consultants, trade shows, equipment and other related costs and a $1.5 million acquisition cost. Now let's look at P&G: "Per-share growth for the full fiscal year is expected to be about 7 percent, down from the 13 percent rise originally anticipated, P&G said." So add 7 percent to: Income available to common (ttm) $3.61B That's on sales of: Sales (ttm) $39.2B. As for WAVX, sure the upside to 70 thousand is going to be far easier to dramatically increase than P&G's $39.2B The bottom line is, you and the rest of the mania traders are simply jumping on the bandwagon of what the herd is doing. And there is nothing wrong with that. Just don't try to claim that the "smokestack stocks" can't make the profits that techs can, because that's hogwash.

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