Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: WaveSeeker who wrote (5470)	2/28/2001 1:27:19 AM
From: Dave Gore	Respond to of 6445

WS, volatility is something that most people want some of, especially when it has a logic or pattern. I would disagree though that the Market is "more sane than one could ever imagine." It certainly should have been going down since Nov-Dec as business starting weakening. It certainly is more sane than the runup in Jan. through mid-March of last year, but for so many tech stocks to tank as much as 30-60% in the last 4-6 weeks is not sane to me. What happened to ELNT in Novemeber - December or what still hasn't happened to RIMM or hundreds of others is still not sane. For KEM to have a PE of 4 and RIMM a PE of 900+ is not sane, even allowing for the different niches within the tech sector. For techs as a whole to get so punished when the growth and PEG's of many are still so favorable compared to Biotechs, for instance, or many other sectors is uncalled for. And especially comparing today's Market to that of a few years ago, when PE's were watched like a hawk, and PE's of 50 were considered very high and unusua,l this is not a sane Market, especially in the patterns or the rhyme or the reason of it all. It is very discriminatory in the way it views one stock as compared to another, or one sector compared to another. And there are much more "games within the game" and much more gambling going on by investors than ever before. Not always because they didn't do their homework either.