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To: fedhead who wrote (129771)	8/8/2001 2:35:00 PM
From: Skeeter Bug	Respond to of 164684

anindo, buy the dippers are the ones who get trounced the worst, in the end. you sound like the guy who said something like "i know a year from now i want to be in cisco instead of (some company in a non "glamour" business) back in mid 2000. ho ho ho ho! the most important part about investing is something you didn't even mention - valuation. a used auto parts company at the right price relative to its fundamentals is a STEAL compared to buying csco for too much money relative to its current implosion. this is a point that is so basic, yet so misunderstood by folks in AWE of "technology." btw, technology is wohless unless it actually adds value. motorola has a commercial out about smart chips that will order milk when you run out. how DUMB! web van burned a BILLION plus bucks in a few years and just filed bankruptcy b/c internet delivery of groceries didn't make economic sense right now. does motorola think that ordering 1 gallon of milk at a time is going to work? DUMB! my guess is they put that in the commercial to show what they CAN do, not what anybody wants their stuff to do. WRONG APPROACH.

To: fedhead who wrote (129771)	8/8/2001 4:25:46 PM
From: GST	Respond to of 164684

Anindo: "the leaders" I thought this jargon went out with the bubble. We became so used to absurd prices, nobody could even bring themselves to use the word "valuation", and justified the absurdity by saying "ya, but I am buying the leaders". The leaders got wounded or died. A strategy of "buy the badly wounded" is not too shrewd IMO.

To: fedhead who wrote (129771)	8/8/2001 6:54:18 PM
From: GST	Read Replies (1) \| Respond to of 164684

"Take a look at ONIS, SONS" I took a look at Sonus -- losing growth momentum, trading at a PEG 5 times higher than that of an already overvalued S&P, trading at 25 times this years sales, trading at 100 times next years earnings before downward revisions (and increasingly at risk of not making any money at all next year) -- why would you think of this as a "bargain"?