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Politics : Stockman Scott's Political Debate Porch

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To: Jim Willie CB who wrote (2583)7/19/2002 10:19:19 AM
From: SOROS  Read Replies (3) of 89467
 
Nothing even close to a panic yet. Not even close. Look at a couple of gainers today -- BRCM and MERQ.

BRCM -- 5.5 times sales -- losing money -- still reporting PRO FORMA garbage

MERQ -- 5.5 times sales -- 138 PE -- still reporting PRO FORMA garbage

The sheep are still be lured into the wolves hideout -- and going quite happily along STILL! Not only no panic -- no fear -- no worry -- no concern -- just a little bit of irritation -- and that is only because they are not making money, not because of the decline!

I guess today may be painted as another "capitulation" day. I think they need to stop using that word. I don't think it means what they think it means.

I remain,

SOROS
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