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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: American Spirit who wrote (75724)4/23/2001 1:54:32 AM
From: iod_sherwood  Respond to of 99985
 
hope you realize that a lot of the artificial "book" value from merging... which most of the tech companies have, is basically air... and that they amortize "goodwill" and all that as losses over time because they have to. Book value is very deceiving at this point.

If company A buys company B for 1.5billion, and all company B has is a few engineers and a prototype product, company A added 1.5b in assets... under "goodwill"... funky :) it's not book value, but does get counted as such... then they start amortizing it... LOL... lucky for pro forma accounting :)



To: American Spirit who wrote (75724)4/23/2001 9:01:19 AM
From: 10K a day  Read Replies (1) | Respond to of 99985
 
In a convoluted
sort of way.
your Joker Broker.
he's selling you
Insecurities.
In a twisted.
sorta' way....



To: American Spirit who wrote (75724)4/23/2001 12:16:41 PM
From: gc  Read Replies (4) | Respond to of 99985
 
you are right. we are now just in a minor pullback. the rally will resume soon. hold on longs. it's just an orderly retreat. we will march to 5000, the promised land, soon.



To: American Spirit who wrote (75724)4/23/2001 1:08:54 PM
From: mishedlo  Read Replies (2) | Respond to of 99985
 
I think this rally will continue until tech stocks and telcos are at fair balanced value, that is balancing between book value and current assets and perceived value of likely future growth.

I agree totally. And that is why the rallied died.
Fair maket value is far far far below what we see here.

Nonetheless I have learned to to not underestimate irrational overexhuberance and options manipulations.

M