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

To: Paul Shread who wrote (26921)1/3/2002 5:50:16 PM
From: TechTrader42  Read Replies (1) | Respond to of 52237
 
P/E's are irrelevant. GAAP are irrelevant. It's all about upgrades, pro forma numbers and market hype, as the same crowd is suckered into the next bubble.

I see MRCY participated in the euphoria today -- up .53 to 40.1, until reality set in with a warning after the close. Now it appears to be trading around 33.

MRCY had a P/E of 33.25 ... before the warning. Fundamentals are irrelevant, of course. Why didn't it go up after the close, like DOW did when it warned?

And how about the automakers, moving up on the basis of rising sales ... with interest-free loans? But earnings are irrelevant.

This was irrelevant, too:

siliconinvestor.com



To: Paul Shread who wrote (26921)1/3/2002 7:22:37 PM
From: Les H  Read Replies (1) | Respond to of 52237
 
Once you get over 25-30, you already have negative earnings yield compared to the inflation rate. You might as well set P/E at infinity.


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