Glenn,
I ran a search with the following criteria about 1 week ago:
1.highest current pe stock
2.highest projected pe for 1 year
3.highest expected growth rate for 5 years
I did this because it has been clear that the jerks on Wall Street want to drag all the high pe's down as they question growth rates.
the names that came up were nearly every company I am long: jdsu, sdli,emlx,brcd,jnpr etc. Others were arba, beas,itwo,rimm,idph,tibx,muse,vrts,psft etc.
Of course they are being beaten to death, even now. It's ridiculous but its happening. I think the majority of the above will be huge winners, and I mean 10 baggers over 4 years or more, but if you are holding them now(me) you are being beaten up bad. Since early Dec I have been taking pretty short term short positions in all these except jdsu, and its been easy money. I haven't trimmed my longs a lot, just using shorts as trades.
So anyway, what I mean is that what are imho the greatest companies going forward are all the biggest losers right now.and they have been easy to short.
It is not safe to post shorts here on si, unless you know the gang well, I can tell you that. Some moron on another thread is slamming me as a short who criticizes all the longs. After being here all these years touting the high pe tech growth stories to anyone who would listen.
I don't think their is much time left in shorts and I may cover everything at the drop of a hat. The problem is that I don't see a strong rebound because sentiment is so bad, and sentiment to a large extent dictates the pe. |
