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Technology Stocks : All About Sun Microsystems
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To: JDN who wrote (39204)12/14/2000 12:22:49 PM
From: Paul Allsing  Read Replies (1) of 64865
 
Thanks for the response. I do take your point on the questionable value of using price vs. revenue as a meaningful metric in the absence of profit margin. In truth, I'm fairly uncomfortable with that metric in the first place, being from the old school of so-called "value" investing (and by nature a bottom-fisher). However, as PE ratio seems to have become passe (particularly on this thread <g>), I'm left with precious little to hang my hat on metric-wise.

Back on the market psychology side of things, the price action is starting to look (IMHO) like a bottom is forming. I believe I'll stay on the sidelines through mid next week and see if the current reversal holds. I'd rather give up a few points to the upside and retain my ability to sleep peacefully. :-)

Paul
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