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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (14958)	8/15/2001 11:32:37 AM
From: Boca_PETE	Respond to of 42834

Kirk: RE:"You really want to do an interesting comparison... do the book value for QQQ! :)" O.K. Drop the other shoe. What are the results of that comparison ? P

To: Kirk © who wrote (14958)	8/15/2001 12:59:35 PM
From: sea_biscuit	Read Replies (3) \| Respond to of 42834

You really want to do an interesting comparison... do the book value for QQQ! :) I don't have the exact number, but looking at the largest components of the QQQ, i.e. MSFT, CSCO, INTC, ORCL etc., I think the book value has to be in the vicinity of 6 or so. I think that is quite rich too. It will have to get near 3 to be even moderately attractive. Even the price/sales numbers are not attractive. I think they are also around about 6 or 7. The techs have a lot more to fall. As Skeeter said, the downside spiral will astonish the bulls as much as the upside spiral astonished the sane ones.