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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 155.64

-2.7%

3:59 PM EST

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To: LK2 who wrote (2681)	3/5/1998 10:04:00 PM
From: Frodo Baxter	Read Replies (2) of 9256

So, what now? This morning, I was tempted to play Mighty Mouse and short such tempting morsels like AMZN, AOL, DELL, etc., etc. After all, the February rally was ridiculous. Market hitting new highs as though Asia won't affect corporate profitability? Bonds inching back up beyond 6% as though inflation was a real threat? What planet are these Alfred E. Newman folks on? Anyway, the dam has broke, so let's be a hero and rachet down these absurd valuations, 50-100 PEs... phooey... Uh, yeah. Then I shorted AAPL at 23 15/16 instead.

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