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Michael, I couldn't understand several things in your last note. First,
What am I marketing? Second, I am not a permabear. I have more long
positions right now than
puts and shorts. Third, Elaine has been a raving
bull since early 1988. How is she a permabear? Not that I care what
anyone thinks of her. I just wonder where you get your info or how
you categorize people into little segments. I don't do timing. I buy
stocks that are undervalued based upon my fundamental analysis and
buy puts on those that are overpriced based upon the same. Since it
is the crowd that makes things over and undervalued, I have to wait
for reality to hit them in the face. It nearly always takes longer
than I expect, but then it happens fast.
I am not predicting no eps for
USRX. I am predicting that the pe will be much higher than 20 with
the stock price lower at some point in the future. The eps could go
negative, but they have other businesses that should do ok when modems
tank. My example was too extreme just to show why you can't look at
a pe in the tech sector as an absolute guide. I didn't realize that
you were just looking to set a semantic
trap. I thought you
were seriously asking for some fundamental input. And, yes, when you
said you were a technician, I assumed you could not have
had a classical
education. Sorry about that. It is pure prejudice. There are plenty
of technicians who are rational, intelligent and well educated. It
is simply the way they invest that is whacko.
BTW, I am not a market seer. I don't
predict markets. I am a securities trader and portfolio manager.
Some of those securities are stocks. Some of those stocks are tech
stocks. I make no market calls and have even less interest in market
calls than in technical analysis or looking at bird guts or charting
the stars. And I'm not always right. I'm right just often
enough to make
a good living and that's the name of my game. Once again, I am
selling nothing. But put your hand on the screen and send me a dollar.
-G- MB |
