Hey! Dan why you are so pessimistic or so so gloomy or so negative about the market especially NT stock???
Market does not perform what you just did on your post.
Absolutely no way. You know that P/E ratio varies according to market sentiment, when market sentiment is bullish like July, 2000, NT sold $124 CD dollar because the market sentiment, p/E ratio is very high, when market sentiment is bearish p/e will be low despite good earnigs. It all depends on general market sentiment like Dow and Nasdaq.
For example thses few days, NT went down of cuz Friday bad news, but mainly due to general market bearish as Dow and Nasdaq went into correction mode, Dow down from recent hi of 11350 to today low of 10575 and Nasdaq from recent hi of 2350 to today's low of 1974. NT went down from $15 US to todayls low $7's.
Starting tomorrow as right now Asian market shoot it up sky high as both Japan Neikei and Hong Kong huge rally both up near 300 points, S& P future up substaintially, too.
Tomorrow will be the official day of this NYSE Summer Rally kick off day. Then the genral sentiment of the market will be very bullish, therefore NT will be bulish again,
Tomorrow I see NT closed above $9's US.
As I said many times before, I say once more.
AS SOON AS JUNE TRIPLE WITCH HOURS PASSED, NYSE SUMMER RALLY STARTS. THAT IS TOMORROW.
You folks on this thread are so gloomy and negative and too much pessimistic.
John Paquet |
