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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (36639)	1/4/2000 6:57:00 PM
From: Les H	Read Replies (5) \| Respond to of 99985

Selling off Qualcomm down to 300 times earnings is a mite overdone. People need to just look forward to 2012 earnings and realize this is still a great buy! They need to get off their duffs and announce another split. If that doesn't work, do it again.

To: Cynic 2005 who wrote (36639)	1/4/2000 7:08:00 PM
From: American Spirit	Respond to of 99985

Irrational buying and selling. I think we all know what each one is. And though irrationalities are usually ironed out in the longer run, the market does over-react pro and con. I have stayed away from high-fliers while they are flying and only buy them after the hype is all but forgotten. I buy stocks which tank on relatively unimportant temporary bad news. Doesn't mean I'm invulnerable though. No one is. When a crash like today's happens you either have to buy into it (hopefully near the bottom) or wait it out and take the temporary paper losses. Selling into it makes no sense unless you feel your stock is particularly vulnerable. The market always corrects, and sometime tomorrow an upward correction will probably take place. And when it does take place it will be massive because of all the short covering and new years money following the herd back into the market. There is major liquidity out there and many value growth stocks on sale right now. Profit-taking like this is normal and may continue on some of the high-fliers for a little longer, but the harder things fall the sharper they rebound. I look forward to watching the red turn to green hopefully tomorrow a.m. There are certainly many screaming bargains. There are also many stocks which to me still look quite high. One thing I know for sure, this selling will not continue for long, and these days irrational moves tend to happen/reverse very quickly, sometimes intraday. Sleep tight everyone. The sky is not falling. Lots of great news for the economy and 2000 earnings is coming to the rescue soon. I remain a bull, though you do need thick skin these days to remain level-headed.