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

To: James Clarke who wrote (9897)	2/8/2000 6:30:00 AM
From: jttmab	Respond to of 78471

I'd been wondering why QQQ/COMP keep going up. The entire NASDAQ has a PE something over 200...Clearly QQQ is undervalued at a PE of 100. [LOL] Don't fight the tape. jttmab

To: James Clarke who wrote (9897)	2/8/2000 9:31:00 AM
From: Madharry	Respond to of 78471

I agree with you that it is vastly overvalued however I sold a stock earlier this year after it had gone up 600% and was convinced it was overvalued by at least 50%. It quadrupled after that and is now only triple what I sold it for. Had I shorted that stock I would be asking for donations over the internet now.

To: James Clarke who wrote (9897)	2/8/2000 9:35:00 AM
From: Daniel Chisholm	Read Replies (1) \| Respond to of 78471

Re: QQQ Am I thinking about covering. Yeah. Sigh, another scaredy bear (but you outlasted me!). I am becoming increasingly convinced that all of us who "know better" (or thought we did...) will not make any significant money when the bubble bursts, and might get hurt quite badly in the meantime. I used to (smugly) think that the silver lining to a bubble burst would be that I'd be able to make a bit of money off of it. - Daniel P.S. darnitall, someone stole the "9900" grub I felt I deserved.... seems like I grub as well as I short...

To: James Clarke who wrote (9897)	2/8/2000 10:43:00 AM
From: peter michaelson	Respond to of 78471

One lesson that Anthony at Pacific tells time and time again is, Do Not Short on Price/Valuation Alone - there must be a market dynamics reason as well such as end of organized pump, news released etc.

To: James Clarke who wrote (9897)	2/8/2000 11:51:00 AM
From: peter michaelson	Respond to of 78471

Jim: I wonder if you could share your current analysis on USU? I did buy a little, but not enough to hurt. Now I'm thinking about buying. Are these business woes permanent, in your opinion? Even with the dividend reduction, it now yields 12%. What is the liquidation value, in your opinion? What happens if their selling prices go up 10%, or down 10%. Thanks very much. peter

To: James Clarke who wrote (9897)	2/10/2000 4:10:00 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 78471

James, When the fit hits the shan on the Nasdaq we are going to have a much smaller middle class than we have right now. Of course we will also have a lot of rich options holding executives who cashed in their tickets, a lot of rich investment bankers who did the IPOs, rich brokers, and a financial system looking for a taxpayer bailout from the former middle class. I might also add that Al.com's reputation might be damaged a bit too. Then again I've been saying that for the last 150% or so. Wayne

To: James Clarke who wrote (9897)	2/18/2000 11:57:00 AM
From: Beltropolis Boy	Read Replies (1) \| Respond to of 78471

>I hate QQQ with a passion. I shorted a parabolic move, up something like 40% in 2 months, double in 12 months, about 100 times earnings. Seemed like a good idea at the time. jim. as a possible point of interest, have you considered ProFunds UltraShort OTC? in essence, by using options and futures, it seeks to provide investment returns that are twice the inverse performance of the NASDAQ 100 Index. no, i didn't intend this as a joke. "Investors who anticipate a downward trend in the NASDAQ 100 Index can establish a position that seeks to capture twice the magnitude of any decline. For example, during a 5% decline in the NASDAQ 100 Index, the UltraShort ProFund seeks to produce a 10% gain in the net asset value." an index fund on steroids if you will. fwiw, they have similar UltraBull and -Bear funds for the S&P 500. fair warning: UltraShort just pulled the ol' reverse split: profunds.com can you short the UltraShort? ok, this was a joke. cheers, -chris. full disclosure: i'm a ten-month holder of UltraOTC (double the Naz 100), which was intended as my "conservative" IRA play, but rather frighteningly became a triple.