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Technology Stocks : Gateway (GTW) -- Ignore unavailable to you. Want to Upgrade?

To: robbie who wrote (7769)	1/8/2001 4:02:38 PM
From: Skeeter Bug	Read Replies (3) \| Respond to of 8002

robbie, any desire to enter into the prediction business has been thoroughly scourged from my bones ;-) i observe history and not once have bubble valuations (even at levels at half of our recent bubble highs) resulted in long term wealth gain. rather, a HUGE loss of wealth followed. depressions or severe recession tend to be the encore - w/o fail. this isn't my opinion. it is history. so, in my mind, the question is when does the effect (recession/depression) take hold now that the cause (bubble credit/stock market) has laid the ground work? i don't know. i thought naz 5k was a pipe dream... however, it was a pipe that a lot of investors were smokin' and they weren't passin' ot to me. ;-) has the bubble's back been broken yet? i don't know. it kinda looks that way as new rules have been in play for some months now. to sell or buy gtw depends on your view of the business and the economy 1-2 years out. i have to say that gtw's pe looks better than it has for a long time. one option is to offset 2001 gains in other stocks by selling off gtw stock. another option is to just hold on. gtw's management is incredibly misleading, but as you point out, so are many management teams. gtw has a real business and i do have to say they are creative marketers. the price assumes gtw has a terrible 2001. if one thought they had a decent 2001 coming then one might want to hold on. i do have to say their recent foray into buying inet stocks at the top to goose eps was ill advised (i also find it ironic that losses are "one time" but gains are mostly lumped in with regular eps ;-) i own several companies long. one has a management team worse than gtw (and yes, i give 'em h*ll even though i own their punk stock). however, it is cheap, imho, and i hope the team can finally figure how to differentiate that hole in the ground from their... i am mostly cash now. i don't feel comfortable getting on the titanic and hoping i get a life raft. so, it depends on one's view, one's tolerance for risk, one's ability to walk away if it goes down another 80%, one's time frame when they expect to need the money. only the individual can decide that.