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Strategies & Market Trends : Sharck Soup

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To: velociraptor_ who wrote (30110)7/6/2001 1:43:32 AM
From: Devin123  Read Replies (1) of 37746
 
All I'm looking for is fair valuation of companies. To me a PE of >25 is still pump. When CNBC and the analysts say the economy will bottom and things will turn around, I believe that. But it doesn't mean every stock will. Where there are excesses, the ax still needs to fall. When someone says this is a great company with a great product and their future earnings look grrrrreat and therefore a PE of 70 or 170 or 3070 is justified, I say phooey... especially when competition is concerned... ala PALM vs. HAND... or AMD vs. INTC. The future "growth" of these companies is never guaranteed and the market slowly has a way of correcting excess... with or without the ANALysts hype.
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