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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (10291)	12/6/1999 3:08:00 PM
From: Justa Werkenstiff	Read Replies (2) \| Respond to of 15132

Kirk: Re: "Some like Gruntal's bull Joe B say that the numbers for earnings are conservative. Consider how well "The Street" rewards those that blow away expectations and perhaps there is much truth to this?" If estimates in Nasdaq land were so easy to gauge, then why was there nobody that I know of that put the Nasdaq even close to 3500 for year end at the beginning of the year? Surprise to the upside; surprise to the downside -- that is the rule in Nasadq land. Of course, there is that little matter of multiple expansion in these stocks. Re: "Anyway, the market may be right and earnings could continue to come in strong for many quarters and years to come." I certainly am not arguing against the long term potential of technology. Heck, I have been almost 100% in technology until recently. The issue is one of valuation.