Silicon Investor (SI) -- The First Internet Community

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.

Biotech / Medical : VISX -- Ignore unavailable to you. Want to Upgrade?

To: capitalistbeatnik who wrote (1308)	10/1/1999 2:35:00 PM
From: William Nehls	Read Replies (1) \| Respond to of 1754

VISX is a great company but this market is not willing to support the level of PE VISX carries. It is trading at 41 times year 2000 estimate of 1.75 and over 50 times 1999 estimates. We are in a very bad market situation and caution is the game. Good luck but be very careful with high PE stocks.

To: capitalistbeatnik who wrote (1308)	10/2/1999 4:13:00 PM
From: gc	Respond to of 1754

I got out in time. I don't think it's time to buy yet. I'm expecting 50's. Just look at all LVC stocks. All of them have corrected 50% or more "for no apparent reason". LVCI corrected 60% with blow-out earning. The focus point is not on the earning. It's on the market and the momentum. VISX lost its momentum. With high PE and increased competition, I see the stock in 50's soon. Additionally, the patent lawsuit will be decided in early December. The nervousness will weigh down the stock before then. Just my opinion.