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Gold/Mining/Energy : Position Trading in Canada -- Ignore unavailable to you. Want to Upgrade?


To: HubTech who wrote (2061)2/22/2000 12:29:00 AM
From: Ward Nicholson  Read Replies (1) | Respond to of 2259
 
Oh man...

Valuation Metrics for Unprofitable Companies
fool.com;

As you mentioned Hubtech, this is not your opinion.
Here is mine:

What a pile of shit.

This is just another justification for a market stretched
to extremes. Not if, but *when* the techs correct people will look
back on this and laugh...at least those who knew better.

Hey, I'll trade techs if I have to, but that's just it...
I don't. Mutual fund managers are caught here because
they MUST perform or lose their jobs. Hence, they chase
the "tech of the day" just like every other fund manager
and we get a parabolic move north in the tech sector.

Sorry...been there and seen it before. The risk/reward
potential is so brutal given the market's narrow breadth, yet
the fear of not making money is even greater...and the poker
game continues. How long will it last is anybody's guess.

I'm more than willing to buy the out-of-favour value sectors
here with good technicals than fire my $ at the next hot
tech stock with an RSI of 387.

Just my opinion.

WN

P.S. I saw "The Boiler Room" tonight. Excellent flick.