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Strategies & Market Trends : Sharck Soup
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To: GREENLAW4-7 who wrote (11276)3/11/2001 9:00:38 AM
From: Bid Buster  Read Replies (3) of 37746
 
first off the list of stocks you mentioned i see no value in..here are those stocks with 5 year charts finance.yahoo.com i sugest you take a look..and also look at the fundamentals you will see that none are even close to the historical mean average.. if indeed you have been a trader since the mid 80's you should understand the importance of fundamentals right?

lets use yhoo as an example of what happens to a mo mo stock with contracting earnings.. yhoo has trailing earnings of 0.48 a share giving a trailing p/e of 35 based on fridays close....yahoo now hopes just to break even this year.. lets just say they can pull a penny per share out of the hat this year that gives yahoo a forward p/e of 1700!!!
is that value to you?
in all my years i've seen tech stocks come and go.. each decade has it's high flyers only to go bust down the road.
people that know me heard me say tech would be the worst performing sector in 2000, that call i made in jan of 2000.
i've made my money shorting tech and long in defensive sectors in the last year going long in some tech for the bear rallies but never holding long knowing the nasdaq would turn.
i see nothing positive going forward in the near term that changes my macro economic view that a bottom is at hand.. what i do see is a bumbling old man at the helm of the central bank that thinks he can inflate us out of this mess with rate cuts, tax cuts and the continued expansion of the money supply with the end result of a bebased currencey.

i wish you luck in your dip buying but history shows in past bubbles that dip buyers go bust before the markets bottom.
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