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Strategies & Market Trends : Sharck Soup

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To: GREENLAW4-7 who wrote (19989)5/2/2001 4:23:02 PM
From: velociraptor_  Read Replies (2) of 37746
 
Hmmm...perplexed should just about sum up my feelings. Nothing is making sense right now. Everything is so overbought on every single time scale it's not even funny anymore. And then you have stocks like EMLX doing wild things out of the blue. What do I mean?

The EMLX story...

Trading at over 13 times sales
Has only 7% profit margin on sales.
Only 40 Million in cash yet has a market cap of 3.3 Billion
Trailing p/e of 180
Forward p/e around 80
Flat sequential growth expected with possible earnings growth of 5 to 10 % going forward
Company has warned for the coming quarter.

And to top it off the stock rises nearly 10 points or almost 30% in the 2 days following a DOWNGRADE and is up 300% in a month!!!

Yup....perplexed.....
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