Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : LSI Corporation -- Ignore unavailable to you. Want to Upgrade?

To: akmike who wrote (25070)	7/10/2002 11:39:30 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 25814

akmike, While I understand the reason for your outburst, the written record that I have compiled here clearly shows that I had warned about the markets in April 2000 and maybe even a little before that. As for humility, I think that, if anything, the LTBH investors need to acquire some of it. They had absolutely no respect for the bear, and now it is out to get them. It is my humility that made me realize that the irrational joy during the mania will inevitably lead to tremendous pain. So, please don't teach humility to me.

To: akmike who wrote (25070)	7/11/2002 6:58:59 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 25814

Hate to be the harbinger of bad news, but... Analyst Fred Hickey calculated that the 17 stocks making up the Philadelphia Semiconductor index (SOX) were selling at 52 times estimated 2002 earnings and 30 times 2003 earnings compared to an average P/E of 20 during the decade from 1989 through 1998 (and keep in mind these are optimistic earnings estimates that are highly unlikely to be met). All in all this supports [the view] that a market bottom is not in place and that a severe washout is still ahead.