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

To: Ibexx who wrote (13355)	8/1/2001 8:17:00 AM
From: JRI	Read Replies (1) \| Respond to of 52237

Was the market ahead of reality in April too....where's the reality now? Or does the reality only work in one direction? Analyst upgrades are BS.....you've been around long enough to know that Ibexx.....sure, at some point the semis bottom, and turn, but if they are growing from a much smaller base, and their valuation (current) is much greater than historical measures, then you are holding one overvalued stock who potential does not exceed its current valuation... If you want to play the upgrade, that's cool...but just recognize for what it is...a momentum play, not some fundamental earnings/value story....because there ain't none at these levels...