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

To: sylvester80 who wrote (35445)	3/1/2002 12:20:29 PM
From: t2	Read Replies (2) \| Respond to of 99280

syl, Most tech stocks in the Nasdaq are at bubble levels. My reason is quite simple: We had a big buildout of the internet infrastructure. Lots of new companies came public and bought lots and lots of equipment in the boom...and they had raised lots of cash in the equity markets. Now we have the remaining survivors, Yahoo, AOL, Ebay and a few others. However, the these companies combined will not be enough of a market for all those suppliers..storage, telcommunications, software, PCs etc....even if there is a big pick up in demand from the remaining customers. However, investors are giving them valuations as if there will be a big Part 2 buildout around the corner. Even if there is, we won't get a whole bunch of new IPOs in technology for a while anyways. Without cash from IPOs, the new companies won't be spending. btw--still watching Oracle get crushed while the market is down; wonder how long it takes to drag the Naz lower; Software stocks should be coming down if Oracle is not going up. jmho

To: sylvester80 who wrote (35445)	3/1/2002 12:25:29 PM
From: LTK007	Read Replies (1) \| Respond to of 99280

your reaching,reaching real hard. Go back to 95 to see P/S ratios.Indeed you have become a replica of "American Spirit"--.

To: sylvester80 who wrote (35445)	3/1/2002 12:35:33 PM
From: Frederick Langford	Respond to of 99280

Syl, Every good trader can play both sides of the market. I admire your ability to change sides when you think the timing is right. Being a perma bear or a perma bull can be hazardous to your wallet <g> Fred