I wish I one of my stocks would go up after a merger.
I had CNC and it went down. TD was bought and it went down, even though they continue to be the highest rated internet trading discount brokerage and the second largest.
NWS is recommended again by a major brokerage and it goes down. Wonder if the FOX TV station or the LA Dodgers will benefit from the AT&T / TCI deal?
And then you have some internet companies losing money left and right with huge PE ratios and they continue to go up even though some day search engines may be replaced by mobile agents.
Computer companies start losing money as prices go down and DELL still has a PE of 50-60 even though growth is slowing. I bought my first computer in 1986 replaced the motherboard once, currently a 486 66 Mhz. I think my next computer purchase will last me more than 3 years. Sony will come out with a TV Set-Top box / Playstation device / cable modem and most people won't need a computer to play games or surf the internet. Or INTC will sale a computer and a chip with the Merced inside for $200. The only box maker making money will be PAP.
Disclaimer: Use Waterhouse, AT&T, TCI, SONY monitor and Playstation, WWW.FOXMARKETWIRE.COM, and like the Dodgers.
Own TD, T, SNE, NWS, PAP,
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