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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: sirinam who wrote (36841)11/30/2000 3:19:04 PM
From: Paul Shread  Respond to of 42787
 
Good point. Put/call ratio has been declining all day. Maybe two more days like this will strike some real fear into people. $VIX appears to be breaking out of its symmetrical triangle, and could be head to 40s.

Would note that QQQ discount to NDX spiked up yesterday; however, given the QQQ's outperformance today, I think that's probably closed somewhat. Worth watching for upside leverage in a rally.

stockcharts.com[M,A]DFCLYNMY[DC][P][IUJ[QQQ]]



To: sirinam who wrote (36841)11/30/2000 7:43:06 PM
From: Lee Lichterman III  Read Replies (1) | Respond to of 42787
 
I got a kick out of that briefing artcile you posted. Sounds like their recomendations are a shopping list of things they still need to get rid of since the market has decided that yes indeed, PE ratios do matter. Note the values on that list from Yahoo........

Juniper (JNPR) PE 399 , i2 Tech (ITWO), PE is NA since it lost 5.78 this year Ariba (ARBA), <> bPE NA since it lost 4.10
JDS/Uniphase (JDSU), PE since it lost 2.17 Sun Microsystems (SUNW ) PE 64 on 30% growth
EMC (EMC ), PE 116 on 30% growth Extreme (EXTR), PE 318
PMC-Sierra (PMCS ), PE 215 Ciena (CIEN), etc PE 365

Good Luck,

Lee