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.

Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Venkie who wrote (42084)	11/24/2000 1:39:36 PM
From: marginmike	Read Replies (1) \| Respond to of 42523

I sold Q between 130-150 in Feb. I bought the shares in oct 98 @ 42(before 6 splits). I owned Sunw at 27 in 96( at least 6 splits ago) so please I am no PermaBear. I listed all my trades on SI long and short on the Qcom thread which I have posted on since early 98. I made very close to 8 figures last year, My portfolio started in 1996 @ a low 6 figure level. My point in all this is that what you havnt figured out is the game, for now is over. The expanding PE's and massive Revenue increases are about to reverse themselves. Does this mean we crash to naz 1800? I dont know. I do know the Naz wont be hitting new highs for many years. Until the next cycle peaks. We have just had a crazy Mania, and a crazy bear market. Yet stock prices are mearly where they were a litlle ovever a year ago. We might rally here, but by may next year we return to these levels if not much lower. I am buying some stocks here but only DEEEP value stuff(Tech OK) because I believe when these bubble heads whom are still in denial wake up and decide to start investing instead of gambling. Dont get me wrong BRCM is a great company but its fair value is 1PEG, and in this market stocks need to go below fair value before they should recover to wipe out excess crap.