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

To: JustTradeEm who wrote (53457)	4/20/2002 4:49:15 AM
From: LTK007	Read Replies (1) \| Respond to of 99280

i have never been long or short EMLX as you probably know(i just wait for hell to descend again and go 100% invested, call me the circling vulture, as the one thing i learned from the great man George Soros, the market is no place to be romantic, it is only for cold eyed objectivity). I also am not a techie, so SANS for me, could be the sector that makes warehouses:) But i do know that time and time again i have seen tech analysts give their top picks as BRCD amd EMLX, and i realize that is because the tech world is so ravaged it has so few it can say anything good about that BRCD and EMLX are getting the big push.(it is 80% institutionally owned) But i also know whenever that happens, no matter good the companies are relative to others, good old tech land will price to lalaland levels. As long as i see tech stocks get pricing that is still in the realm of bubbleland i will mock the way the street pumps with price targets that are ludicrous. EMLX top target for this year is 56 based on a formula of evaluation that remains unjustified. The evaluation system for pricing in techs remains the creation of sell-side analyst to justify the ridiculous. If EMLX were to achieve it's projected earnings for 2003 it's P/E then would be 23-1 based on a price of 30dollars a share. So frankly price targets between 40 and 56(40 being the lowest) are only tech-fairyland logic. 25 dollars would not even be cheap. Sorry JB, that's how i analyzize. Just the bottomline. PaxMax p.s. The Net Insider Trading on EMLX recently has been MINUS 223,000 shares. JB, my tech cynicism is impregnable:) --as long as the pricing is WS bilge.