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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (25391)	7/13/2000 8:56:08 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

>>As for the high PEGs and all that. Well, the market got cheap<< That is my point, they never did get down to 1 times sales, or a 1 PEG. People are now seeing 75 times sales as "cheap" or a PEG ratio of 4 as cheap. This is becoming such a high stakes game that we are no where near a real, normal stock market anymore. We can play the greater fool game and make money but if you are caught holding one of these GROSSLY over valued plays and they make a stumble of any kind, they get cut in half or more because they were never worth the higher price in teh first place. I realize there is money to be made but my point is it is impossible to sleep at night when holding one of these. 100 times sales is just plain obscene!!! If you get a chance look at JDSU for example. I don't think there is a standard measure of valuation that is less than 3 digits long. -gggg- Good Luck, Lee