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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: marketing1 who wrote (3288)	3/17/2001 6:40:27 PM
From: Lee Lichterman III	Read Replies (3) \| Respond to of 52237

I pretty much agree on the MSFT targets. I have a pretty good downfork that projects supports around 45 and then 33. I used to hate QCOM seeing it as over priced but now find myself rooting for it to help hold up the NDX -ggg- Not sure myself about WMT. I was just pointing out the formation. Myself, I am not slowing my spending at all as anyone that reads our site knows. Heck, I may keep HD and some garden supply stores in business all by myself. I will dump close to a grand in garden supplies by next week and have already dumped another K or so in the last 2 weeks doing garden work, landscaping etc. Busines has been brisk everytime I have gone to these places but it could still slow down later. Recall also we are still in wave 3 of the 5 waves down. We are also in the phase 2 of the bear. When the 5 wave of 5 comes or the 3 phase of the bear people will then really change their attitudes. I still see lots of denial around SI and especially on the YHOO boards. Go read some of the stock specific threads for a wake up call on denial. There is plenty of talk about how thier companies are great and will snap back. I agree most of these companies are great but there is still no recognition that they were grossly over priced and could easily fall to under priced before this is over. That is what really really scares me because even me myself think we are close to fair value around 1500 to 1100 yet when I look at what that equates to PE wise versus growth in many of the leaders, it is no where close to fair value. I don't have the time to compute it out but imagine the leading techs trading for 1.5 times Book, cash or just a PEG ratio of one and I think it would scare the heck out of anyone including bears. I don't think it would happen as there is no evidence that tech growth will halt but instead will just slow to a more respectable and sustainable level. Still S^&* happens. Good Luck, Lee