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Technology Stocks : Citrix Systems (CTXS)
CTXS 103.900.0%Nov 2 5:00 PM EST

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To: Innuit who wrote (7735)3/31/2000 1:44:00 PM
From: Chuzzlewit  Read Replies (3) of 9068
 
Innuit,

I think you misunderstand. I am, and always have been a growth investor. The question I am constantly grappling with is: how much should a prudent investor be willing to pay for growth? My simple-minded approach is an attempt to deal with that issue. If you do not set price limits based on rational analysis how do you do it? Or do you simply assume that the strong form of the EMH is correct and throw analysis out the window?

We are currently in a market bubble and valuations seem to make little sense to me in the context of even the most optimistic forecasts. The demise of the Japanese market bubble, and the bursting of the nifty-fifty bubble are two recent examples of what can and will (IMO) happen to this market.

I do not believe in value investing because it ignores the future. I do, however, believe in investing in growth companies where future prospects justify current market valuations.

TTFN,
CTC
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