Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 159.33

-1.8%

Nov 7 9:30 AM EST

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To: Math Junkie who wrote (9726)	4/17/2001 9:07:16 AM
From: Jerome	Read Replies (2) of 10921

Richard, we all have seen posts where the P.E. is the major metric used in attaching value to a stock. This often goes no where because a stock like COHU had a very low P.E. and the P.E. stayed low for years. And the same goes for P/S or P/B. or ROI, or cash flow or free cash, or debt, or headcount or any other metric.Metrics follow the stock like a shadow, and do not influence the stock either up or down. Investor sentiment (buy or sell) based on company news, or market sentiment, based on interest rates, or some fabricated crises (energy shortage) has a much greater impact. Like now the investor sentiment for tech stocks is very negative regardless of what the metric used for measurement. For now investors don't care if CSCO's P.E. is 50 or 5. They want out of tech stocks. In John's article I did find the interpretation of negative P.E.'s very interesting and informative. Jerome Jerome

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