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To: jim_p who wrote (76611)	10/18/2000 8:37:42 AM
From: ItsAllCyclical	Respond to of 95453

My top tech picks are SUNW, NTAP, EMC and JNPR... Just kidding of course. A talking head on CNBC this morning talked about SUN and EMC being the LAST TWO leaders in the market. Oracle doesn't have top line growth. He said he owned both. Don't these people get it? At some point techs stocks that have both growth AND value will look far better. WCOM is probably dead money for a time, but at 21 I'll take it over SUNW any day. I imagine others will feel the same given enough time. In this environment I'm not sure what to buy yet. I would have thought LU and WCOM made good buy when they were both at 30. I think we need to lose another 500-600 pts before I'm inclinded to buy. I would also like to see the DOW lose 1-2K as well. Once I do I'll be sticking with large cap leaders such as LU, WCOM, MSFT, AMAT etc.

To: jim_p who wrote (76611)	10/18/2000 8:44:13 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

The Day the Music Stopped.... bye, bye American Margin Pie... Great call by CNBC to have Louie Navalier - the epitome of momenteum trading on today to live thru the carnage... Everyone please stand back & listen for that giant "sucking" sound here shortly.... as the speculative margin excess gets taken out of the market here. Amazingly easy call here; to hold one share in ANY tech stock here is insane... only those who are paid to mismanage OPM have an excuse for owning a single Tech share here.... Biotechs ready to melt; will just implode like a house of cards - 50-80% shorts litter the landscape. Bio-nots have among the HIGHEST degree of margin leverage; this is the fatest & slowest short target in the market here - beyond a sitting duck short... literally walking dead with a bullseye on the index here. JNPR SUNW EMC et al - and they thought they "really" could hide there ? Let the pain begin ~ ... oh and more importantly : SUBWAY SERIES !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! YEAH BABY ~ don't get no better dan dis Yanks in 6

To: jim_p who wrote (76611)	10/18/2000 9:17:02 AM
From: Tommaso	Respond to of 95453

I am beginning to look at AMAT. If their earnings actually keep coming through, the stock is getting to an awfully low level, with a prospective P/E of about 14 or less. But the way this waterfall is beginning to flow, it could be taken lower--and in a recession, I wonder what would happen to their earnings.

To: jim_p who wrote (76611)	10/18/2000 9:28:19 AM
From: Sharp_End_Of_Drill	Respond to of 95453

Jim p, it may sound silly at this point, but I'd take any of the "names" at less than 20: INTC, MSFT, CSCO Probable internet survivors YHOO & EBAY at 15ish. I actually like AAPL sub-20, but I don't think the damage is done there yet. CMGI has about $8 cash per share, so I might nibble at around 8ish. If this get truly ugly there's plenty of time to sit on the sidelines and pick like a vulture. For the meantime I'm staying short via puts. Sharp

To: jim_p who wrote (76611)	10/18/2000 10:09:54 AM
From: que seria	Respond to of 95453

OT: jim p: courtesy of Pat Mudge on JDSU thread, here are some tech PEG ratios and my comments: From the CSFB market report, 2001 P/E to growth rate for a few techs: JDSU -- 1.7X NTAP – 5.3X QCOM -- 2.1X CIEN -- 1.7X PMCS – 2.2X SDLI – 3.1X AMCC – 3.1X Although the chief trader has identified it as idiotic, I'm a LTB&H guy with the gorilla/king tech stocks part of my portfolio, so I'm holding and will add to JDSU and QCOM when I see the tape turn. I will likely buy PMCS or Ciena next, and would love NTAP as one of the last to fall as a measure of capitulation. To those I'd add FDRY (routers), AVNX (fiber optics), and ELON (operating system software for systems/applicances used in houses/businesses). All only when I see ST bottom (for the IRA $) and later real capitulation (for the taxable account), and buy order dependent upon the best value at the time. I can't trade like Slider and even if I could, I have this emotional issue about paying 40% to the gov't. Glad I moved largely to O&G stocks earlier this year, thanks to guys like you, Slider, and others!