Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Charles Tutt who wrote (37053)	10/26/2000 4:40:45 PM
From: cfimx	Read Replies (1) \| Respond to of 64865

Hey charles, suncom hit a new high today? No? Think it will tommorow? <G>

To: Charles Tutt who wrote (37053)	10/26/2000 4:43:44 PM
From: Jean M. Gauthier	Read Replies (2) \| Respond to of 64865

Same for me.... Totally bummed out, with everything that you said happening to me as well. I have NEVER seen such volatility, and I wonder what it is all about ... Is there any rhyme or reason to the market, I think not. Short he bad "concept" stocks makes sense Long the good , profitable blue chip companies makes sense but lately, things "bottom" even with massive losses and 3% sales growth and go up, while companies with 60% sales growth, huge backlogs and 88% profit growth get "bear raids" I am totally exhausted emotionally from this year, and I think even the traders , as profitable as it has been for them, are stressed out. I know I am, and I am a LTB&H Take care Jean

To: Charles Tutt who wrote (37053)	10/26/2000 5:05:55 PM
From: cheryl williamson	Read Replies (1) \| Respond to of 64865

Charles, IMHO, here are the reasons for market volatility (in no particular order): Presidential Election Year Energy Prices Interest Rates Middle-East Conflict High Valuations esp. Tech My esteemed sort-term prescription??? President = elect Bush Energy Prices = start drilling asap Interest Rates = no more increases/jawbone loosening Middle-East Conflict = let the knuckleheads kill each other & neutralize ANYONE who threatens our oil supply High Valuations = they're already lower than they should be. Keep the faith, Charles. I predict a rally after 11/7.

To: Charles Tutt who wrote (37053)	10/26/2000 5:12:15 PM
From: Sueponine	Read Replies (2) \| Respond to of 64865

Charles, May I say I too feel bummed and was wondering if I was the only one feeling this way. I've held through all kinds of bumpy rides, but this, this is almost too much for me. The Best. Sueponine.

To: Charles Tutt who wrote (37053)	10/26/2000 5:30:00 PM
From: DiViT	Respond to of 64865

Shares in storage firms hit by valuation concerns By Bloomberg News October 26, 2000, 2:00 p.m. PT update HOPKINTON, Mass.--Shares of data storage leader EMC and those of its rivals fell amid concern that storage stocks have gained too much given their prospects, analysts said. EMC fell $4, or 4.4 percent, to close at $86, after touching $80.50 early in the day. Rival Network Appliance fell $5.44, or 4.5 percent, to $116.81. Brocade Communications Systems, a storage-switch maker, fell $25, or 10 percent, to $216. The storage markets that Hopkinton, Mass.-based EMC and others are targeting will swell to $78 billion in 2003, from $44 billion this year, as more companies do business on the Internet and generate huge amounts of data, according to EMC. That prospect has led investors to boost the stock prices of many storage-related companies, said Dain Rauscher Wessels analyst Thomas Coler. "All these stocks have had massive runs, and in this climate, investors are concerned about their valuation," Coler said. EMC shares have climbed 51 percent in 2000. The stock trades at about 107 times estimated earnings for this year, compared with an average price-to-earnings ratio of 26 for companies in the Standard & Poor's 500 Index. Brocade shares, which have more than doubled this year, trade at about 390 times expected earnings. --- These high valuation stocks need to come down to more realistic levels, JMHO.