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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 307.20+2.0%3:59 PM EST
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To: Big Bucks who wrote (6734)8/13/2003 10:41:16 AM
From: BWAC  Read Replies (2) of 25522
 
None of that matters. AMAT might average 60 cents a year through an entire cycle, top to bottom. That doesn't justify this price, the eventual high price, or the eventual low price. All that matters is that someone can be convinced to buy high or sell low by the broker pimps. And that someone else can make a quick dime trading against them.

So? Why bother even calculating a PE or a BTB? It just doesn't matter.
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