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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (21362)	7/29/2002 1:16:12 PM
From: Susan G	Read Replies (1) \| Respond to of 26752

Nas futures are rolling over a bit here... you are right about the psychology part, and boy does sentiment have major MOOD SWINGS LOL

To: Dave Gore who wrote (21362)	7/29/2002 2:14:58 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 26752

Though I am not familiar with all the stocks you mentioned, I know FLEX well having traded it (mostly short) for the last few years. I am curious why you think it is worth more than the current price when they have never made a profit even in the most rambuctious boom times of tech. If they couldn't scrounge together a penny towards the positive in good times, how are they going to do it in hard times? I am sure a few of the others there on that list fall in the same category. I know ORB had huge debt and the Air Force had dragged their feet on signing them up for more launches once we got our problems at Vandenburg straightened out. MSFT's main strong point is huge amounts of cash on hand to ride out any storm but how much more growth can they realistically achieve going forward when they already own every PC in the world? I am as amazed at this drop as anyone but then to snap myself back into reality I just take one look at GAAP earnings and 200 years worth of historical valuations and realize we may not even be half way down yet unless "This time is different" and we are in a "New Paradigm". -gggg- My favorite post from this weekend was made by Misheldo who summed up the whole market problem in a few brief sentences.... quote: From: mishedlo Sunday, Jul 28, 2002 4:32 PM View Replies (1) \| Respond to of 47935 Is the real bubble the credit bubble, the debt bubble, the housing bubble, the derrivatives bubble, or the trade deficit bubble? Perhaps some of these overlap as in credit/debt, but housing while related is a separate issue IMO, and the trade deficit bubble is a distinct issue as well. Which "real" bubble are you referring to. M ============== Good Luck, Lee