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Technology Stocks : Semi Equipment Analysis
SOXX 299.81+2.7%Dec 19 4:00 PM EST

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To: Cary Salsberg who wrote (11553)9/11/2003 2:44:14 PM
From: Pink Minion  Read Replies (2) of 95616
 
>> use historical data and simple arithmetic to obscure the fact that they have absolutely no understanding of what is happening in the economy and, specifically, the technology sector.

Yea, that history does get in the way. So you're saying "it's different" this time and I'm starting to believe it just might be. The communication revolution has convinced enough "investors" that paying 10 times book and sales is a great deal. The Internet has been the ultimate hype machine for stocks. Instant information has allowed for the massive trading pumps of stocks. How many e-mails per week do people get from family members and friends about buying this and that? So valuation of stocks probably are in a different era of valuations.

The only problem is that insiders have an unlimited supply of stock to sell to these New Era bulls.
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