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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Paul Senior who wrote (9526)1/5/2000 9:32:00 AM
From: James Clarke  Respond to of 79163
 
<<Looks like AMZN going down this am. Nice play by thread shorters MB and JC.>>

Depends where you shorted it. Nice play by MB.



To: Paul Senior who wrote (9526)1/5/2000 9:45:00 AM
From: jeffbas  Respond to of 79163
 
Paul, your point is well taken and actually has merit. One of the main reasons for the dynamism of this bull market in general and the technology sector in particular is that technology is developing so rapidly and becoming an ever more important contributor to the exceptional performance of our economy.

I imagine (but do not remember for sure) that Xerox carried a very high valuation back in the 50's when it first got going. Well we have lot's of Xeroxes now that most of us do not even understand YET. That said, I of course agree that the valuations are too high, but repeat my admonition that, for all but the nimble traders, you short bad companies with poorly performing stocks, not "overpriced" stocks.