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

To: stevenallen who wrote (33930)	9/1/2001 12:30:30 PM
From: American Spirit	Read Replies (1) \| Respond to of 37746

Who can tell what PE's are right now? Earnings are fluctuating so madly. The info services can't even agree. SI has a 30 PE for NOK and Yahoo has a 20. PE's are flying up and down like crazy and it's really tough to use them as a barometer. Besides, no one has any idea what future earnings will be beyond this 3rd quarter. They can speculate but frankly they could either fly higher or go down even more and even the CEO's can only suggest scenarios. The only thing we know is that right now things are still in a slow-down so we have to be very cautious. But when selling gets into the panic mode then there are clear opportunities there on the long side. I'm trying to stick with sector leaders whose businesses are either doing well or will be the first ones to recover. And dominate. Also in any relief rally the more beaten down stocks will get you the most bang for your buck. And I don't just mean tech. Tech-nets might be the most risky. On the other hand talk about battered to the ground. Not that I'm buying it now but NT at 6? TLAB at 7? SUNW at 11? These stocks may or may not be cheap but boy are they hammered down. I agree though, there is no guarantee those type stocks will outperform from here. I even worry about the EMC I am holding. That's why I prefer AAPL and NOK in tech land, beaten-downs I know are still selling product anfd generating cashflow. Perhaps we'll just remain in this low trading range for quite awhile now. For instance NOK 15-19. Hope that's not too much to hope for.