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Technology Stocks : Juniper Networks - JNPR -- Ignore unavailable to you. Want to Upgrade?

To: ratan lal who wrote (1507)	9/1/2000 10:05:37 PM
From: The Phoenix	Read Replies (1) \| Respond to of 3350

Shorting on margin .... uh..... OK..... I see. As for your comment regarding more people buying in at these prices is just simply unsupportable. You're arguing the dumber fool theory... that even dumber people will buy the shares of those that are buying shares at these prices. The facts are the facts. Look at total available market, market growth, and market share... The point is JNPR is poised to see it's price fall in line with it's prospects. JNPR - if they owned the entire gig-router market would take something like the next 10 years just to generate the revenues equivalent to the cap... this of course has nothing to do with making money. The fact is the fact... JNPR is overpriced and hoping that there are enough fools out there to buy more and higher prices is simply not going to happen IMO. Add to that that at these prices JNPR is not a takeover candidate... Add to that that pooling will end soon so the window is closing for JNPR to make an acquisition (by issuing shares) in order to expand the total available market. I think you are igorning reality a bit too much. I mean really....... a backward PE of 2500+ and a forward PE (optimistically) of 400+. By any measure - even techncially JNPR is topped out. I'll eat my words if after 9/7 JNPR continues higher. FWIW: I never get caught with my pants down..... so far. ;) OG