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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: im a survivor who wrote (20024)11/28/2000 11:54:04 AM
From: limtex  Read Replies (2) of 65232
 
KG - SNDK is greart especially today after the EK annoucement but SSTI managment have already announced hat they will make $2.9 per share enxt year and the stock is now just over $14 ie a P/E of just over 4.

SNDK could do the samea s could most NAZ stocks. All bets are off in this and we are in a totally new environment. Earnings, propsects and performance mean absolutely nothing. The only thing that means anything now is another samll rally to help people get out.

There is no reason for the NAZ to be higher today than it was at the height of the economy in later 98 when it was below 2,000. Until it has got 30%-40% less than that number it can't stabilize. UNLESS Mr G reduces interest rates.

Institutions still unloading and no buyers in sight unless I've totally misread it.

Best regards,

L
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