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Technology Stocks : ARXX

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To: Jonathan C. Williams who started this subject2/26/2001 9:13:14 AM
From: sharesighted   of 29
 
TI sites 20% revenue drop;ARXX will suffer too;»
Semi's,wireless,fiber,are all slowing down...
Any rally here will be met with sells and shorts.
TXN(Texas Instruments)P/E=19;...;ARXX P/E=59.
Only positive comment sites a $30 target in 12-18 months.
Six days ago it was $30,now they say it'll return in 18 months???
The stock is going to be shorted and drift lower.
The institutions will dump to the retail investor.
Just spring of last year it was below $9 and
revenues & profits did not double since then.
Just doesn't warrant a high P/E.
Maybe a P/E 20;that would knock ARXX down to $6.
Don't think it possible?
The bears are ruling this market because we are in a "huge slow down"!
Or doesn't anyone read current business news.
Short on a rally and make your money back.
I'm shorting.
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