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Technology Stocks : Kulicke and Soffa -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (4384)	10/10/2000 8:34:20 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 5482

I think that should be amended to the market is throwing the sink out with the baby and the bathwater, and then coming back to empty out the medicine cabinet, the towels on the rack, and the tiles on the floor......oops I forgot the lightbulb. BK

To: Donald Wennerstrom who wrote (4384)	10/10/2000 10:35:49 PM
From: EACarl	Read Replies (2) \| Respond to of 5482

RE "but right now the market is throwing the "baby out with the bath water". SO TRUE! The strange thing is though, that there are still plenty of stocks valued at insanely high levels. Look at AMZN, sure it is way down, but this is a company that has been in existence for years, never earned one cent of profit, has negative net equity, billions in debt, no profit margins, dwindling cash, and it sells for $30 a share and at 5 times sales. Or look at a CORV or a SCMR or a hundred others. These guys have P/S ratios, that used to be considered nose bleed territory for a P/E ratio. STILL plenty of excess out there, but the market decides to sell companies with rock solid balance sheets, at one times sales with single digit P/E's that are dominant players in their business. Proof positive that there is absolutely no logic to be found in the herd mentality that is this market. Hopefully, we are in the midst of a great long term buying opportunity as we recover the "baby".