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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Pierre who wrote (5131)11/13/2001 10:46:59 AM
From: Alex Fleming  Read Replies (2) | Respond to of 99280
 
Still the strength has been incredible. I'm still trying to understand it. The run in the Sox seems to have no end in sight.

Painful for someone like myself who is short this market.

Alex



To: Pierre who wrote (5131)11/13/2001 12:45:44 PM
From: Zeev Hed  Read Replies (2) | Respond to of 99280
 
I don't know yet, just stepped in, and saw PDII under $18 and bought it at $17.98 here. Mind you, they are losing some of their service business and furthermore, their own "products" are not doing according to plan (inventories jumped to $91 MM, a very big problem and an indication that something is wrong there. Yet, at under 18, that is a PE of 10 on lesser future earning as, which I believe will resume growth later on.

Zeev


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