steve....meant to be friendly....
i don't think there are many stocks that are reasonably priced! if you would take a pure business approach and analyze your return on investment, if you were to purchase with cash, very few would give a positive situation...
glw is best at what they do....glass, perhaps they can buy out technology, but what may it cost them? it will appreciate as will jdsu, but both are getting a bit pricey...
fortunately, or unfortunately fundamentals are not applicable parameters for the majority of "investors?"....they merely buy stocks because they go up, and the stocks go up because they are bought...
just wanted to point out that glw is actually an "old economy" stock that the analysts portray as a "new economy" stock....glw been making glass fiber for quite a while...but their profits are more susceptible to energy costs (natural gas) then that of a low cost assembler as jdsu/etek/sdli...
i own jdsu, average cost about 50....i'll sell puts on conservative strikes on glw and jdsu....premiums in low risk strikes give an ample return...
i believe you will see a slowing of momentum in all that is hot now.....shift of momentum appears to be to the old established large cap techs....csco, emc, intc,msft,sunw...and you may see the downtrodden box makers return if they post good earnings next quarter....even the once mighty qcom (wonder if the g+k thread still think it will hit 2000 this year?) is on a verge of a breakout...doubt the fed can put a damper on the naz...too much money, that has no other place to go....fund window dressing should begin end of next week, should give an idea of second quarter direction..
always a pleasure...ed a. |
