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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?


To: oldirtybastard who wrote (34894)5/23/2000 5:34:00 PM
From: AllansAlias  Read Replies (1) | Respond to of 42523
 
Gotta go out, Too much time at the 'puter today.

Did quick review of bullish threads. Definitely a little more fear there, but only a little. I don't see anybody doing the "Get me out of this market" routine; nothing even close to that. The Porch seems as worried about getting their T-shirt sizes properly recorded as what their stocks are doing.

Futures hovering around 3000. Gonna check in later to see if it prints 29xx and to see if there is a fleck redux.

--Allan



To: oldirtybastard who wrote (34894)5/23/2000 6:03:00 PM
From: Defrocked  Read Replies (1) | Respond to of 42523
 
What on Earth is the bullish rationale
for a 53 PE and 2.33 PEG on a chain-store
returning 18% ROE with the potential of
earnings slowdown from a tightening environment???



To: oldirtybastard who wrote (34894)5/23/2000 6:09:00 PM
From: pater tenebrarum  Read Replies (3) | Respond to of 42523
 
good idea...if the tech collapse continues it can be safely assumed that some sort of selling pressure will ultimately hit other sectors as well.

we still haven't seen any selling whatsoever. it's just a buyers' strike so far with low-volume mark-downs. the REAL selling should be a hoot.

i estimate that we should eventually (perhaps not in this downturn, but later this year) see a 6-8 billion share day, with access to OLB's severely hampered, several trading halts, the works. an utter chaos LLCF.