Keane The leading y2k service provider Message Board

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Technology Stocks : Keane The leading y2k service provider

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To: John Xu who wrote (338)	1/23/1998 6:33:00 PM
From: Robert Pope	Read Replies (1) of 1316

John, funny how the p/e is 60 and the share price keeps going up, up, up. Why is that? How is it that a company like AOL can have a market cap of 9 or so billion and not have any profit? Yahoo and several other tech companies are worth billions of dollars and have never turned a profit (negative p/e's) and yet their share prices are skyrocketing setting new highs all along the way. Lots of people are making money on these stocks (including Keane). Institutional buying drives the market any way you look at it. Its mostly speculation, psychology and perhaps to a tiny degree p/e ratios. A company's p/e is simply one of many indicators of a company along with news stories, rumors, institutional buying and actual financials. I agree with 'tech' that the flood gates haven't even opened yet. I wouldn't advise shorting Keane in 98 or 99. The news hasn't started and the rush to get into y2k hasn't started. Ron, I like your state of the union bet, hope your right. Let's not talk about investing in gold, I mean really...

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