Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Mani1 who wrote (105718)	4/14/2000 7:08:00 PM
From: tejek	Read Replies (4) of 1575360

Most seem to thinks that Monday will be another bad day, I am not so sure since everyone is expecting it. I think there were too many rally attempts today for there not to be a rally Monday. I think people see bargains out there and want them. However Friday is a bad day to try to rally. But I still tend to lean toward the "sell the rally" group vs. the "buy the dips" folks in the short term. There still remains a lot of stocks which are very over valued and Nazdaq as a whole is over valued. Just take a look at PE's of SUNW, CSCO, EMC, DELL, MSFT and INTC. And of course you got the highflier like JDSU, ETEK, RBAK, JNPR, SCMR and a bunch more which remain probably still 80% over value These hifliers have P/E's from 50 to 100 now as opposed to 100 to 300. However I think some of them are justified because of their revenue growth YOY and will never ever be anything but low hifliers. In other words I think they have come down as far as they are going to. Aside from them there are so many stocks out that are very cheap, its incredible.....AMD is one, Zomx is another. And other hifliers like EMLX that dropped from 225 to 41 in the last month. ted ted

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