Novell (NOVL) dirt cheap, good buy? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Novell (NOVL) dirt cheap, good buy?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul Fiondella who wrote (20796)	3/7/1998 8:26:00 AM
From: dwight vickers	Read Replies (4) of 42771

Paul, "The Dow is at 22 times earnings". And the S&P is at 26 times, with earnings expected to grow 3-4%. Fascinating. I wonder when the incongruity of that will start to sink in. However, as bearish as I am long term, the sentiment isn't right for a major secular top. A big decline to scare everyone could happen any time from these levels. And maybe the hook this time will be sentiment not confirming. But the market acts like it's going to go up no matter what external elements are appearing. Just like every other major top in history. We could see 10,000. It would only take a couple of days in a blowoff. But the risk to long term investors is so extreme, it's horrifying. Dwight

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next