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Strategies & Market Trends : Moufassa's Lair -- Ignore unavailable to you. Want to Upgrade?

To: moufassa7 who wrote (5013)	2/15/2002 12:23:51 PM
From: KevinThompson	Read Replies (1) \| Respond to of 13660

Sheesh! You found me out. LOL. I've been beaten up before for not following a trend, but after many paper cuts along the way, I still have faith that market participants will eventually finally realize that rising stock prices on companies with PE's of over 100 is an absurd assumption. Particularly when CEO's act and talk like swindlers, hinting at better expectations, but without any proof. The truth is, visibility still sucks. Japan is in turmoil economically. Intel has stated recently they will continue to be reducing cap ex. Talk of 300mm tech has been batted around for years, etc. etc. blah, blah... Who are the semi equip makers going to keep selling their stuff to. Yes, I think they will survive very well, but at multiples over 100 - what a sham!. I want to be a buyer of technology. But I don't want to buy stock at pie-in-the-sky prices. Another example of market lunacy - PYPL, making another new high. Is this gambling? JMO, KT