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To: ItsAllCyclical who wrote (87173)	2/14/2001 12:13:12 PM
From: Sharp_End_Of_Drill	Read Replies (1) \| Respond to of 95453

JimL, I'm curious as to why you consider GLW and NT cheap. GLW according to Yahoo has a PSR of 4.77, a PE of 84.7, debt/cap of 0.4, and $1.5 per share cash. Debt and cash seem quite reasonable, but PSR and PE indicate the stock is approx. 2x too high by my opinion. A few years ago these guys were making glass bottles and silicone boobs. Now that they make fiber suddenly they command tech multiples. I don't see the value, but welcome your opinion on what I've missed. NT has PSR of 2.9, PE is N/A, debt/cap is 0.08, and $0.50 cash per share. Seems much more reasonable but their market has had a heart attack and suddenly died. The major telecoms have run up so much debt that I think their problems are really just beginning, and orders for equipment will suffer well into next year. Add to that cut throat marketing by LU, CSCO, and other competitors as they grasp for market share and competition will be fierce for the declining telecom spending. I think it may be early on this one. TIA for your response. Sharp

To: ItsAllCyclical who wrote (87173)	2/14/2001 2:00:53 PM
From: isopatch	Respond to of 95453

JimL It's really a question of when to begin averaging into such situations. SEOD has offered several fundamental considerations. I'd only add that from a big picture perspective, I'd like to see some of the characteristics associated with important stock market bottoms. Just one example would be for bullish sentiment to come down significantly from the very complacent levels we continue to see. IMO the various market indices could come down quite a lot before that occurs. Until that and a number of other economic and market symptoms change I'm unlikely to accumulate any LT plays other than special situations like STXD, MWP, LOILY, etc where there are major fundamental improvements occuring that investors are only beginning to buy into. And from a TA standpoint? These stocks are showing big gains in relative strength compared to most stocks in their sub-sectors. I try to buy strength and sell weakness early. EEE, that you and I are both into, is another good special situation, that was LT when we bot it last year but now it's almost payday(g). Best Iso