BLHG, Fast Track Growth in China Message Board

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Microcap & Penny Stocks : BLHG, Fast Track Growth in China

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To: Commgod who wrote (1570)	7/30/1998 12:28:00 AM
From: Patrick Smith	Read Replies (2) of 4080

OFF TOPIC I'll try to keep this brief.... You have a rally in the DOW but the advance/decline line does not follow the upward movement....the rally was not broad based. The NASDAQ continues to be hammered harder than the DOW. But now...you have companies that are extremely overvalued....some are trading at unbelievable PE's....some have market capitalizations of 10 to 20 times revenues. If that's not bad enough... you have earnings that are starting to falter and estimates of flat to lower future growth. Who wants to own a company that has no expectations for growth? This is not limited to the DOW....all of the exchanges have been carried lately by a small groups of stocks. When people go to sell and there are no buyers...well... I think you can figure that out. The bond did not go lower without reason....it gives an indication of where the market is heading long before the market gets there....guess what...it's time... You can't have a bull without a bear and this bull has run too long...

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