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Microcap & Penny Stocks : Rat dog micro-cap picks...

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To: xcr600 who wrote (12160)6/3/2003 10:40:26 AM
From: Bucky Katt  Read Replies (2) of 48461
 
AMZN is starting to crack>

Amazon.com cut to Sell at Legg Mason (AMZN) 35.40: Legg Mason downgrades to Sell from Hold based on valuation; shares now trade at 49x their 2004 untaxed cash EPS est of $0.73, and firm believes that current investor optimism fully captures potential returns over the next 12 months.
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Next thing to think about on the dark side are the home improvemnet related retailers, like LOW & HD...
My thinking is simple, home sales are slowing, and that also means valuations will not be going up like they were, and that means less refi money to buy dodads for the home...
Another bubble about to be pin-pricked?
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