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Technology Stocks : RAMBUS (Nasdaq: RMBS) - THE EAGLE -- Ignore unavailable to you. Want to Upgrade?


To: Don Green who wrote (218)12/7/1999 5:12:00 PM
From: RetiredNow  Read Replies (1) | Respond to of 2039
 
No doubt, Don. I am getting more worried every day. This market is completely out of control. What worries me is that fundamental valuation models are being thrown out the window. Now your everyday daytrader with zero finance training claims to know how to value companies more than an MBA with a finance degree. So instead of rational valuations, we have companies with $10 million in revenues worth $7 billion. Ridiculous. I hope it doesn't end in the next 10 years, but when it does, I fear it will be brutal and cause a lot of bankruptcies.



To: Don Green who wrote (218)12/7/1999 5:14:00 PM
From: Jdaasoc  Respond to of 2039
 
Don:
My only concern right now is the Extreme MANIA in the Nasdaq, 30-50 point gains in so many NASDAQ stocks
I think today's market action with NAZ up, S&P down is caused by Yahoo being added to S&P. A lot of MSFT, INTC and the like was sold to make room for it. I like to see the market behaves tomorrow. Most stocks after they are added to S&P correct back to where they were before addition to S&P since the one-time demand is no longer present but Yahoo is not your ordinary stock.

john



To: Don Green who wrote (218)12/7/1999 5:14:00 PM
From: Zeev Hed  Read Replies (2) | Respond to of 2039
 
Don, I agree the NAZ has exceeded my target for end of year (it was 3500), but there is so much liquidity sloshing around world's markets (Postal anyone? (G)) that the pressure on prices keeps going. With the fourth quarter showing all indications to be another 4% plus growth quarter, people are afraid they will not be in for the early January party in anticipation of 4th q earnings, particularly in the e- commerce (I think it is getting overblown a little).

Zeev