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

To: AllansAlias who wrote (14710)	8/12/2001 10:08:03 AM
From: Trading Machine	Respond to of 52237

Allan, yours is one of the sharper minds on the thread, IMHO, so keep asking the right questions. Asking the right question doesn't guarantee you an answer, but it does make the right question more visible and IMHO that is Important. Just an opinion. gggg Paul K.

To: AllansAlias who wrote (14710)	8/12/2001 12:08:36 PM
From: Paul Shread	Respond to of 52237

Here's a fun one - much was made of TXN's alleged sighting of the bottom last week. Well, TXN's trading at 173 times this year's estimates - the same valuation CSCO had at its peak. If earnings double next year, it will have a PE of 87. How high can you push a stock with that kind of valuation? The problem with this market isn't whether the economy has bottomed; the problem is that slower growth hasn't been priced in. JMHO...

To: AllansAlias who wrote (14710)	8/12/2001 7:56:47 PM
From: sam_o	Read Replies (1) \| Respond to of 52237

ALLAN>>>> <My mind must work too simply to understand why anyone would want this in their portfolio.> The stock market today -is 'attempting' to continue- to try and hold 'probable' values, unrealistic values, imaginary values, in accounting what we used to call 'blue sky'.. These "pro-forma' numbers are all 'a hopin, a wishin, and a prayin.... but reality is: Stock 'Values' should be based on earning facts..... and that's it! No earnings= NO real VALUE... bubble-mania continues... One of these days somebody , or something is going to "flip da switch" and we are going to drop STRAIGHT down. 'NO VISIBILITY' remember those words... out of the mouths of so many CEO's.... "NONE" How many vehicles would you get on????, if the driver said "I can't see what kind of road we have, if anything" I can't tell you where we're going, or when we'll get there, but I'll let you know something at the next stop... Hell that could be a dead stop...??? This is crazy, nutso!!.. Charting tracks emotional reactions, EW, traces a similar course, fundamentals maybe reality for now. At least some of us will revert back to the security of PM, perhaps GOLD... so I'm into reality…… PDG, NEM, GLG markets etc.