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

To: KM who wrote (31666)	10/1/2000 2:31:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

Fantastick article, thanks!!! I couldn't agree more. I was pounding the table on old fuddy duddy DOW stocks this spring and screaming sell on the NASDAQ as I too saw no logical reason to pay high multiples for the high flyers since if the old brick and mortar stocks went under, there would be no customers for the techs to sell to. Yes, there are still a few exceptions as more people are chasing fewer and fewer stocks so the low float optical stocks still get a manic run once in a while but I think those too will come down to earth someday. I still am not certain if we will get our annual X-mas rally or not but it wouldn't surprise me. Still I firmly believe it is safer to buy the low PE stocks and catch a real bounce or a bear bounce than to pay year 3678 earnings in an industry where you can be a leader today and a has been 3 days later due to the rapid pace of innovation in tech. As I have said over and over again, right now some 13 year old kid is writing the software that will put MSFT, ORCL etc out of business. Good Luck, Lee