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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?


To: craig crawford who wrote (35874)12/30/1999 6:30:00 PM
From: John F. Dowd  Read Replies (1) | Respond to of 74651
 
Craig: The only problem with the hot air balloons taking a dump is that the people who get the margin calls will have to sell their good stocks as well. That is why certain stocks are unmarginable at various brokers the potential for pulling down the entire house of cards is too great. It is a little nuts to see a company like SCMR trading at 300 time 2001 earnings and CIEN which sells the same equipment and has real customers revenues and field tested products as well as earnings is selling at a fraction of the value of SCMR. When the day of reckoning comes all will suffer. I am a very bullish guy but I cannot understand what is going on today in the market. It has become a popularity contest with no relation to any kind of fiancial metrics.JFD

Happy New Year - See you in Y2K