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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: parker_meridian who wrote (49349)	4/11/2001 11:57:51 PM
From: couldawoulda	Read Replies (1) \| Respond to of 62348

parker - not that anyone will particularly care, but a couple of important sentences from the article you directed us to still shed large question marks on the current valuation of this company: 1 "Despite a price-to-forward earnings multiple of 66 and a PEG ratio of 1.3, analysts' knees still wobbled." 2"RIM reiterated $75 million to $80 million revenue guidance for the first quarter ending May 31 -- sequentially down from this quarter..." valuation, valuation, valuation. In '98 and '99 the excuse apparent for stocks trading at historically high levels was due to sequential growth being tremendous - remember JNPR posting 80% qtr. over qtr. growth. That is no longer the case. The market is a casino right now and will cease becoming one when valuations begin to hit normal levels. Very few are getting the message even after a 60% plus decline in the tech. sector - most are remarkably willing to pay for p/e's of 66 even when they are no longer justified. Such is life. Why fight the trend, right? I'm staying out of the way for the most part with the exception of playing the odd chart.