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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: ItsAllCyclical who wrote (1504)3/13/2001 3:39:52 PM
From: Gottfried  Read Replies (2) | Respond to of 23153
 
JimL, >Based on current sales estimates SSTI could come down to $3 as a low pt if they start showing neg earnings (based upon a Price/Sales ratio of 1.)<

Yes, but depends on outlook. For example, the semi equipment stocks do not reflect their declining orders/sales. That may be because their cycle is well defined. We know they always hit a higher next peak than the one before. Anticipation keeps the value up.

For SSTI it's more questionable. Is someone eating their lunch? Is flash memory on the way out? I have no idea. Amazingly the stock is up right now.

Gottfried



To: ItsAllCyclical who wrote (1504)3/13/2001 3:47:22 PM
From: upanddown  Read Replies (2) | Respond to of 23153
 
Jim

You probably saw Cramer from this morning (even more of a "SELL SELL SELL!!!" message)

biz.yahoo.com

so, of course, the QQQ's are up 6%. Would put more credence in the guy if he had been as loud and insistent at 5000 or 4000 or 3000 rather than when the the NAZ enters its biggest bear ever.

John


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