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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TechTrader42 who wrote (24001)	11/13/2001 5:33:49 PM
From: Paul Shread	Read Replies (3) \| Respond to of 52237

The notion that CHKP will deliver 35%-40% growth is beyond lunacy, but I somehow doubt that JPM is buying here. -g- I wonder if anyone really believes there are bargains in technology here, including J6P? A question for the thread: the highest PE at a major bottom that I am aware of was 15 in 1966. Anyone know of a higher one? According to Multex, the S&P PE is currently 30. Not sure how they calculate it. I've heard 38 based on GAAP, 22 based on pro forma, wherein no operating expenses are counted. -g-

To: TechTrader42 who wrote (24001)	11/13/2001 7:24:11 PM
From: isopatch	Respond to of 52237

<only us little folks are supposed to buy it while they dump it?> Bingo! Wall Street brokers sell side opinions serve solely to distribute stock that their in house trading depts and favored mega buck clients want to get rid of. Then they reverse to bearish statements to shake lose stock near lows that they want to buy into. That why professional investors have long used W.S. sell side "research" as one of the best contrary sentiment signals. Abbey, Ralph and Joe are just the tip of the iceberg. In pure socialist systems, propaganda is all political. In our mixed economy it's 1/2 economic and 1/2 political. JMVVHO, having worked on Wall Street and seen close up the finer points of how to "fleece the lambs"<g> I'd only say to the many whose posts I've read here that it does not good to get angry or bitter if W.S. has deceived you. It's always been a crooked system and because they own the government it will never change short of a revolution. All you can do is learn in as much detail as possible how the system works and invest accordingly. My old office manager liked to 1/2 joke with the brokers by asking if we'd opened any new accounts with widows or orphans. Isopatch

To: TechTrader42 who wrote (24001)	11/13/2001 7:59:57 PM
From: MSI	Respond to of 52237

I had a similar experience with Morgan Stanley, and not thinking about it, bought the pitch with BAC, which dropped 20% the next day. The broker told me they'd had "several conference calls with BAC, it looks great!", etc. It's the only time before or since I've taken such pitches. I forced a reversal of the transaction, under threat of legal action. Plus they paid $1,500 in legal fees. They asked me not to talk about it, but screw 'em, I took the money and closed my account. They will reverse such blatant malfeasance if you make an issue of it and threaten to talk about it on the internet, because they are vulnerable to the actual truth.