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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (2195)	10/12/2000 1:32:51 AM
From: schrodingers_cat	Read Replies (1) \| Respond to of 57684

That's all very well, but what if the telcos just can't borrow the cash they need to pay for the new gear? A small slowdown in equipment demand would wreak havoc with some of these stocks.

To: Bill Harmond who wrote (2195)	10/12/2000 7:51:15 AM
From: Robert Rose	Respond to of 57684

<To be fair, the entire communications-equipment crowd was trading at unsustainable levels a few months ago, so the sell-off wasn't totally unexpected--when stocks trade at 450 times next year's estimated earnings, it doesn't take a whole lot of bad news to send them lower. However, to think that this group of companies is going to run into a brick wall from a lack of demand is shortsighted, in my humble opinion.> I agree with both points being made here. Disclaimer: Holding like you (and so thankful for my cash position. ;)) ps: Went to another etrade focus group last night. They're always fun. If many online traders/investors shifted strategies as I did in 2000, heaven help the online brokerage sector!