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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: velociraptor_ who wrote (22614)	5/13/2001 7:53:02 PM
From: American Spirit	Read Replies (1) \| Respond to of 37746

Why are you talking about the past? Who cares about last year anymore? And if tech stocks are "above the bar" why are they all beating estimates? I've been counting them. 80% have been beating. Lowered estimates sure but like I said who cares about the past? Don't look back. The bubble was burst. Finito. Kaput. There is no more bubble anymore just value. And value takes many forms. Do you know the entire Apple company is now selling at only 4 billion (minus cash)? And how many loyal customers do they have? What's that franchise worth? 4 billion is nothing, my friend. The Naz is not going to re-test. Just won't happen. Unless people get foolish enough to sell their INTC at $22 which is a PE in the teens. If it ever did get that low again I'd back up the truck and buy all I could get and so would millions of others. Which means it won't get there. You shorts are the ones who are delusional now. Small downside risk here, profit-taking and money off the table now but still plenty of upside. More likely a neutral type market for awhile with good news balancing bad. And don't expect millions to start shorting the techs at these levels. Simply isn't enough profit to be made there. Just scalps. So take a few scalps if you can but don't fight the Fed and don't tell us the sky is falling.