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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: stock leader who wrote (117920)12/2/2000 7:35:03 PM
From: pooh  Read Replies (1) of 120523
 
stock leader: "JNPR's and CSCO's are just waitin' for a hurtin. they trade at zillions of times book value which is garbage in this market. i wouldn't touch that crap."

stock leader, there may be something's wrong with my qchart. It shows that the book value per share of STMP is 9.9 versus 1.9 and 3.9 of JNPR and CSCO accordingly. STMP is now about 1/2 of what you could have bought in August. Imagine what the book value per share of STMP was by then (hint: take the price you could have bought divided by 2.5 then multiply it by 9.9) <gggg>

How about this: with $200K, you could have bought just 5000 shares of BEAS in August at 40, selling at the end of August at 70. (For value trader, the current book value per share of BEAS is 1.3). Selling 5000 share of a stock that has the average daily trading volume of 8 Millions shares is much easier than selling 50,000 shares of one that traded only 700,000 share/day, don't you think? -- just an opinion of an observer - peace <g>
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