MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.43

+1.6%

4:00 PM EST

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To: Haim R. Branisteanu who wrote (57923)	8/9/2000 1:57:39 AM
From: eddieww	Read Replies (3) of 99985

Haim: "CSCO should trade at a fraction of his price" Yes, and if everything were trading where it should be the compx would be around 1600, and spx 800-900, but they are not. In the case of bellweather CSCO, nobody who has the heft to move the stock has any reason whatsoever to see it fall to where it should trade. Even if it were to get hammered over the next few days, it will not drop below 50x leading 12 mo. earnings. Investing today is not a rational process.

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