Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (61413)	3/3/2000 3:18:00 PM
From: Think4Yourself	Respond to of 95453

I get an earnings growth rate of about 30% (at best) for both the past year and the next year, but stock price has grown nearly 300% in the past year. Just think, in 5 years when CSCO's earnings match WM's, and it turns into a value stock (say like GM), CSCO will be trading in the $20's. What a deal! ;o) Let's face it, there is NO WAY you can defend these stocks using fundamentals. It's momentum, and only momentum, that is driving them up. Folks are blindly buying them. I agree CSCO is a well run company with good products, but a 181 PE? Get real!! We got a small taste this morning of what happens on a very high volume day. Several broker systems crashed today, and many more were ridiculously slow. The funds can always trade because they have reps on the floor. You want to be owning a 100+ PE portfolio during a crash, knowing you can't reach your broker? Not me because in a crash the individual investor without stop losses in place is going to get screwed royally.

To: The Ox who wrote (61413)	3/3/2000 3:36:00 PM
From: upanddown	Read Replies (2) \| Respond to of 95453

Mike, No one would deny that CSCO should have a higher PE than WM, its the 182 vs 7 that seems a little odd.<vbg> Funny how you talked about revenue increases when the discussion was about PROFIT increases. Not nearly as dramatic a difference there. I hope you are not falling for the "revenue increases" from tiny bases that has become the mantra for Wall St hypesters trying to justify the absurd valuations of TheScam.com. I know you have done very well in tech....congratulations. John