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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (88478)	1/13/2001 11:43:29 PM
From: Joan Osland Graffius	Respond to of 132070

ild, >>May be MuFu are buying with fresh money? I do not know who is trying to keep the over priced large cap techs at these prices, but I do know it is not the value investors. <g> Joan

To: ild who wrote (88478)	1/14/2001 12:42:50 AM
From: mishedlo	Read Replies (1) \| Respond to of 132070

ild, the stocks that have been hammered and hammered simply do not have that much further to fall percentage wise. All the bad news is out on INTC. Everyone who wanted to sell, including the funds most likely already has. INTC PE is down to a respectable 19. Whether or not it is worth its cap is simply irrelevant. I believe it may be able to produce 20% growth for several years which would give it a PEG of 1, or more likely 50% growth 1 year when business picks up again for corporate PC upgrades, and 10-12% the other years. At some point, people simply stop selling. That point seems to be now. Most likely it will just slowly drift down or up neither over-doing nor under-doing the Naz. Compare that to "darlings" such as ARBA, the BIG PROMISE of what is to be, or JNPR etc, the hopes the fears are still there. The mm's will take advantage of these emotions and send these stocks spiraling up or down at whim. M

To: ild who wrote (88478)	1/14/2001 11:20:34 AM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

ild, I think we are still in the "big is good" part of the bear market, similar to 1972-1974. The theory being that Hewlett's eps stink the house out and they lied about their prospects last quarter, but at least they won't go belly up. I doubt if it will last as long as the 70s Nifty Fifty fiasco this time. Information is flowing much faster. There may be some new money from 401Ks, IRAs, bonuses, etc. flowing into funds. The high flying funds may be prone to send good money after bad in the hope that they can stick a thumb in the dyke when the water is already up to their necks. Again, it won't last long. And some of the that new money will go into money funds, probably a much larger % than last year. Intel not only has a lousy operating environment, but its speculative sector hedge fund doesn't look so hot this time around. Still, they bought a lot of those cos. very cheaply, so there still may be capital gains available if they are willing to sacrifice the future to make the quarter.