Roger,
I think that you are trying to do sth that a smart guy like you should not do. Oh, well, as long as you have deep pocket, you will eventually benefit from either way.
My current valuation model gives YHOO! and AOL about $50/share. EBAY & AMZN are both more than 75% overvalued. However, these predictions won't prevent these issues running much higher and I will stick to my discipline not to short internet issues.
BTW, MSFT looks so good. Near term stop at 125. Also suggest taking advantage of the DELL strength to buy some Dec. 65 puts at less than $2 within the next 1 and half days. DELL should sell off after it reaches 75-77 on Thursday early afternoon. I am more than 80% sure that DELL will miss the whisper number at 0.30. It's ridiculous. More likely that they will hit 0.28-.29. Even at 0.28, it will give the issue a 14% Q over Q earning growth, which is terrific to me. However, street and momentum players won't be happy about these numbers, IMHO and a sell-off is more than guaranteed. Strong support should be found at 55-60.
If DELL does report more than 0.30, well, that's life. But does that guarantee that DELL should spot a trailing PE of over 80?
larry! |
