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To: stockman_scott who wrote (42948)2/6/2002 8:47:39 PM
From: Dave Gore  Read Replies (1) | Respond to of 208838
 
Scott, and also driven by GROSS overreactions and by analysts who try real hard to fool the small guy into thinking company XYZ is worth a ridiculous valuation because they say so. And they say so because they want their investment banking business.

The Market is at times right on and at times very hard to figure.

I would love it if we went totally by PE or PEG and some really good risk rating that we could all trust. It would be much easier.

I mean why should a stock ever trade over $5 or $10 if it has a negative PE? Just because it's a biotech and it could develop a blockbuster drug 10 years down the road?
5 years? never?

I mean there is NO common sense measurement by which we all can accurately judge a company's performance and all agree that it is under-, over- or properly valued. And that's the way the big traders want it.....murky.