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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?


To: David Howe who wrote (42607)3/30/2001 6:57:35 PM
From: Stock Farmer  Read Replies (2) | Respond to of 64865
 
David - I confess to being part of the liquidity problem, so perhaps I can help answer your question.

Although you addressed it yourself.

Lets see, Dow typically bottoms at PE 14. Currently 20. With E not going up. Suggests P to go down.

So maybe the lack of liquidity (buyers) is due to a lack of people standing in line to take a 30% haircut.

Skip up to the front of the line if you want. Seems like you're already being served. Feel free to take my share too. I'll wait back here. Thanks.

Oh, and I'm not short nuthin' (stupid me). Way overweight treasuries and cash. Waiting for the buying opportunity that isn't here yet. IMHO.

John.