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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 251.32-3.2%Jan 26 3:59 PM EST

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To: kash johal who wrote (29824)2/28/2001 4:06:36 AM
From: PetzRead Replies (1) of 275872
 
kash, re:"The Nasdaq-100 is now trading for 164 times earnings" That was very entertaining and, sadly, true, writing. 95 out of 100 Naz 100 stocks dropped today, 4 rose (and they weren't tech!) and 1 was unchanged. Unfortunately I bailed out of my QQQ puts too early today but reinvested in Intel puts when I saw the IDF-inspired rise. I also bailed out of TMTA puts when it was down 2 instead of waiting. Also wrote out of money calls on my AMD for March. Bought an oil exploration stock.

When I used to get Forbes they always had a table comparing relative performance of various baskets of stocks. One of them was Low-PE vs. High-PE. Its obvious that high-PE in an economically sensitive industry is poison.

Petz
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