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Strategies & Market Trends : Don't Drink the Kool-Aid Kids
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To: Sir Auric Goldfinger who wrote (245)4/2/2001 11:16:47 PM
From: Stoctrash  Read Replies (1) of 1063
 
...ya wanna know the sick part.....IMO, we could still fall 50% more just to get valuations of them GG stocks back to historical levels of decent growth companies....am I crazy or is may math all fubar??
lets see..50%*2x leverage = payday!!

I remember the last good down turn in the chip sector...some "penis looker" (or so I thought at the time) hedge fund shorty was telling me my high growth chip stocks were gunna go to 1-3X sales or book. I laughed and said "NFW...it was 60, it's now 30 and you're telling me it's going to the teens??? NFW!!!"
...and guess what,, he was right.
AND right now,, we've got an even bigger downturn going on!
Who'da thunk...
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