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

To: besttrader who wrote (34804)	9/10/2001 1:22:08 PM
From: American Spirit	Respond to of 37746

This week we may have an interim rate cut AND the announcement of capital gains tax cuts. Those two events are LIKELY to happen and not priced in yet. You want to be short when those two events happen? And if you follow the rumors they are on the verge of happening. Maybe tomorrow. INTC has a PE of 23 and is at its 52-week low. You would tell INTC holders to sell at $25 when the stock was at $33 last month? Maybe at 33 it was overvalued but now? That's a stretch. INTC deserves a bit of a premium because it is such a blue chip. And it just gave OK guidance. JDSU I don't follow but it's already been hammered close to death. Squeezing blood from a stone can work but it has its limits. And PE's are impossible to gauge with that kind of company. PE's are wacked out of shape all over the place now. SI and Yahoo have different PE's for the same stock. PE's I only consider when looking at a company with regular type earnings of some kind. Also beware of consolidation like what's happening with ATT Broadband now. There are vultures ready to pay more than the present prices for some of these tech dogs. ATT has like four offers on the table now. It shows the value there, even if its depressed value.