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Strategies & Market Trends : Tech Stock Options

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To: Jerry Olson who wrote (37263)3/24/1998 6:22:00 PM
From: joe smith  Read Replies (1) of 58727
 
thread,

we will be up without a doubt tomoorrow with msfts announcement. 9000 is a memory. tommorow will be huge. this is going to kill some of my shorts, but is looking like a blow off top to me and we will come down a lot faster than we went up.

i would never short msft, but who is buying at these prices and why? in after hours announcement they said they were ahead of estimates and were looking at 48 cents instead of est of 44 cents. revenues would be up 17-18% over last years qtr. ok, thats the news now lets pick it apart a little. growing 18% a year with a pe of roughly 60 based on after hours price of 88 1/4. i for one consider that overvalued.

when donald runs his program after the close we will be so far overbought that it will be off the scale.

js
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