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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Mike M who wrote (48794)	3/11/2001 4:52:15 PM
From: American Spirit	Read Replies (1) \| Respond to of 57584

Amidst all the justified bashing of tech stocks with high PE's, look at the prices now. Sure glad I sold most of my techs Tuesday but boy have they come down again. Some of them farther than ever. Therefore the high PE argument is getting weaker and weaker. And for all Buffet's "wisdom" he did miss the entire tech rally which lasted for many years. So he's no genius. Just on a roll the last few months. What do you think, for instance, is SUNW a good buy at 17? Looking pretty damn cheap. Good enough for a 25% pop anyway. I just sold mine at 22+ four days ago. There's gopt to be a bottom here somewhere, or just a series of ups and downs whch are tradeable. Just can't get excited about buying McDonalds or Costco here. Besides those type stocks have appreciated a lot lately, So where's the real risk? In timing. That's all. One day's difference can mean a lot. YHOO looked like a "bargain" at 20 but now it's at 17. What's the downside? 15 maybe? What's the upside? YHOO is a takeover candidate rememeber. And VZ so cheap at 11 PE, the top telco and wireless company in the world (arguably). All I know is we've got a rate cut coming almost for sure. That alone ought to temporarily put the bears in a corner.