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To: The Barracuda™ who wrote (50158)3/7/2000 9:21:00 PM
From: Enigma  Respond to of 116825
 
Faith, hope and no charity - call back in a little while!



To: The Barracuda™ who wrote (50158)3/7/2000 9:25:00 PM
From: Enigma  Read Replies (1) | Respond to of 116825
 
(con't)

From another thread today:

To quote Fleckenstien today, in the land of the Bubbleonians all is well "...In the mania chronicles....
my cousin is a chiropractic student in San Jose. Her college is right next to the Cisco campus. She came home yesterday and told me she had taken her tuition money and bought the Palm spin-off. She does not come from a wealthy family. She is 100 percent on loans and grants.

"All of her friends are taking their tuition money and doing the same. What is even scarier is that they are also trading penny stocks. Of course some of them are making money and are supposedly paying off their loans. I suspect they are not paying off their loans if they make money. If this isn't bad enough, she also told my mother and I that she and her friends are taking out low interest credit cards and opening trading accounts. Of course they are margining this amount as well.

"Mind you this is a person who doesn't watch TV or read. She literally does not know who the president of the U.S. is (she is Canadian, but she doesn't know who the prime minister of Canada is either)."

Amazing.

Robert - better stick to the boring old stuff?



To: The Barracuda™ who wrote (50158)3/7/2000 10:16:00 PM
From: Zardoz  Read Replies (3) | Respond to of 116825
 
Look at the balance sheets of the tech stocks and tell me what that means.

Yeah, look at them. Then compute the growth rate of say a Cisco with the growth rate of an NEM. Then compare the margin of production, mark up etc. And if you do, you may soon see that some/many of the high techs are undervalued.

quote.stockwatch.com PE: 186.47
quote.stockwatch.com PE: 146.66

Look very closely. if CSCO is over valued, what about NEM?

Hutch
PS: Cisco is actually in a deflationary industry where technology pushes on margins. But growth out paces tehnology.

PPS: You guys make this too easy. Maybe it's because your understanding of what drives markets is flawed. Let go of the pass, embrace the NEW BORN BULL MARKET.