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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (8186)	12/28/2000 2:49:29 PM
From: mishedlo	Read Replies (2) \| Respond to of 13572

Greg, my "overvalued" and willingness to short JNPR is based on growth, competition, a slowing economy, absurd PE's in relation to growth, charts that look terrible etc. I am now looking for fundamental viewpoints that say I may be wrong. Many base their decisions on TA alone and do well at it. I knew that JNPR's business was routers and they were riding high on expectations of eating into CSCO's share. The fact that CSCO had a new router, was reason for me to pause and ask a few questions. Now I have more fundamental reasons to dislike JNPR. I seriously doubt that JNPR can keep eating into CSCO's market at the same pace that they have. Thus I see JNPR's growth estimates a quite questionable. JNPR's growth for next year is supposed to be 77% JNPR's 5 year growth is supposed to be 50% Personally I doubt those numbers. Even if met, does that justify a PE of 284? 284 years for $1 to return $1. ========================================================= Of course RIMM is even more totally absurd. The height of absurdity. A current PE of 1500, and expected to make zero profit next year while they "advertize" the Blackberry name. Absurd. At some point this will fall to 10, and I will keep reloading PUTs if they can drive this up on low volume. M