<and about 200% from their tops>
Ah, the fallacy of thinking that a stock can drop more than 100%, though it sure seems like a few have.
Spirit, be very careful valuing stocks based on what they used to be worth, based on your posts over the last few months, you should know this better than anyone. <g> There are some bargains in tech land, but even now most are not cheap on a historical basis, many don't have earnings and consider the P/E's of CSCO 90, JNPR 427, SUNW 50, SEBL 357, etc.. Hate to bring up Buffet again, but he is the quintessential smart money, I doubt he considers tech as a "bargain."
One thing about huge market (any market) moves, they always seem to last longer and go further than the majority original fathoms as possible. The fact that you have been buying all the way down, and are apparently still buying indicates to me that there is still some legs left to this move down. Either that, or you will come out smelling like a rose. Both are a possibility, just remember there is as good a chance of one as the other, and you should prepare yourself for both possibilities. |
