Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Second_Titan who wrote (9416)	10/12/2001 12:01:18 PM
From: Sharp_End_Of_Drill	Respond to of 23153

Quehubo, the "IT" I'm looking for is twofold. First IT would be a big washout crash type day. One that takes a big chunk out of overvalued stocks, and shifts the general pessimism to high levels. I believe that when most folks are throwing in the towel - never to touch risky stocks again - will be the time to get back in. Second IT would be a return to sensible valuations. When I see stocks selling at current PSRs of 10+, and look in my revenue projection spreadsheet and see that those PSRs will increase to over 15 in the next two quarters of revenue declines - then I know for sure the market is still ill. Suffering from a cancer that won't be erradicated until most of the flake companies close up shop, or are bought out at much much lower prices. When I see people talking about these same companies as potential ten baggers, then I know not many lessons have sunk in from the past several years. I don't discount the possibility that continued liquidity flooding, and the "nowhere else to put my money" syndrome, might lead to another bubble. But, I think if that happens I will miss the upside, and then prosper again on the inevitable downside. I just don't think it is likely. Far more probable that we continue to melt down to more sensible valuations. My shorts are starting to shine today. I just popped JNPR at $20.23.... Sharp