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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Paul Shread who wrote (26921)1/3/2002 5:50:16 PM
From: TechTrader42  Read Replies (1) of 52237
 
P/E's are irrelevant. GAAP are irrelevant. It's all about upgrades, pro forma numbers and market hype, as the same crowd is suckered into the next bubble.

I see MRCY participated in the euphoria today -- up .53 to 40.1, until reality set in with a warning after the close. Now it appears to be trading around 33.

MRCY had a P/E of 33.25 ... before the warning. Fundamentals are irrelevant, of course. Why didn't it go up after the close, like DOW did when it warned?

And how about the automakers, moving up on the basis of rising sales ... with interest-free loans? But earnings are irrelevant.

This was irrelevant, too:

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