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To: AllansAlias who wrote (35421)	4/17/2000 1:23:00 PM
From: Lola	Respond to of 62348

Ok like oversold is when 90% of the people that own it are sitting on a huge loss ... like now ... got it? (ggg)

To: AllansAlias who wrote (35421)	4/17/2000 1:32:00 PM
From: Shack	Respond to of 62348

Allan, looking at the two day Naz chart, would you agree that we are forming the last part of an inverse H&S? We're still a long way from Tipperary but what do you think?

To: AllansAlias who wrote (35421)	4/17/2000 1:34:00 PM
From: the Chief	Read Replies (3) \| Respond to of 62348

Allan, look at indexes and there multiples prior to the Inut pop. Look at they allocated multiples to specific indexes, then look at the companies in those indexes. Oversold is when a company trades below the allocated multiple for its index. There is plenty of those now comming to the forefront. If you look at EBAY or whatever, there multiples were stoopid and did not relate to any other index(other than their own). Oversold can also result in a change of prices in product. ie. Oil prices rise but the stocks don't they are not oversold, but have not kept abreast with the increase in crude. So how do you judge oversold. look at the October FP and look at the multiples for each index. Then apply the P/E and multiples to see if these stocks are oversold or not.....thats what I have done. the Chief

To: AllansAlias who wrote (35421)	4/17/2000 1:42:00 PM
From: Vitalsigns	Respond to of 62348

Take 2 stocks that have a potential yearly sales potential of $1.2 billion in 3 years. One had a market cap of $18.2 Billion at the recent top the other had a $1.3 Billion cap. after the recent selloff The first has now dropped 80% to a Market cap of $3.5 billion which is still 3 times sales revenue in three years the other has now dropped 72% to a market cap of $364 million which is 0.30 times sales revenue in 3 years. Both stock have 0.01 Cents earnings I would have to say that stock 1 is cheaper than before but not oversold and stock 2 is oversold IMO even though they have both dropped dramatically. Vitalsigns