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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?

To: charlie mcgeehan who wrote (20184)	10/26/2000 11:56:32 PM
From: Ian McGuire	Read Replies (1) \| Respond to of 49816

Charlie.. what are you still doing up?..i thought Nell shut down puter access after dinner!...lol....

To: charlie mcgeehan who wrote (20184)	10/27/2000 1:19:14 AM
From: couldawoulda	Read Replies (2) \| Respond to of 49816

Good evening Charlie - Sitting here attempting to find a way to offer the proper reply or rebuttal to your comment. Let me first say, and no I'm not contradicting myself here, but while what you say is true, it's really all about the market's interpretation. Due to the market valuing these companies as such irregardless of the proper "laymen" accountability (1 + 1 = 2 more or less), the fact remains for now that there is a constant fight gradually entering into the picture which began during the markets euphoric burst and consequential let down in Mar/Apr. to place an appropriate price on these companies. For now it remains that companies like JDSU and CSCO etc will carry the high p/e's that they do, so why essentially fight the tape? Poor excuse sure, but I enjoy trading as this is essentially no longer about investing my friend. You throw fundamentals into the mix and place similar importance on technical charts, and you've got a problem which is why so many people are having difficulties with the market currently largely due to the enormous volatility that comes as a result, and it will only get stranger from here (invest in SDLI one day at 340, and wake up the next to find it has opened at 280). Anyway, I'm rambling. The fibre optics sector is now in favor, and that will no doubt switch to the bios next, so you can sit there and lecture me on why JDSU is glossing over their earnings through market capitilization and thus purchase power, point is I know this already and it is something that will continue for some time. Kind of a viscious cirle here. Think of it as if you were running your own company and you had the power of M&A to increase your profitability, tell me you wouldn't be taking the same steps we're seeing in the market now? 10 to 20 years ago, a company like JDSU pure and simple would not be operational to a degree, and if they were, "growth" would limited to small steps rather than leaps and bounds. This is the current trend, and you have to be steps ahead looking back to figure out when people en mass will stop turning a blind eye. As I stated before, this is already beginning to occur, however you remain a minority right now. Crazy isn't it? Hopefully I am making some sense. Basically while you are right, you are wrong. It's the easiest way out of this argument, and it's late. Good night ps. if I'm full of b/s, forgive me. If JDSU tanks tomorrow, then may I be forever wrong.