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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?


To: Steve Lee who wrote (3760)10/26/2002 1:13:29 PM
From: Lizzie Tudor  Read Replies (1) | Respond to of 25522
 
maybe the problem is that you are looking at generalities, and I am talking specifics. There are plenty of stocks, especially on the NYSE (housing?) that I agree could be overvalued. I'm not looking for overvalued stocks, but I'm sure they are there. The naz is another matter- the bears think were done, kaput, the growth is over for technology (5 years is an eternity in tech). Consequently companies like peoplesoft are trading for a P/S of less than 2- lower than they have ever traded for including 1992 and 1994.

Network Appliance Sees Storage Industry Growth
biz.yahoo.com

"I am much more optimistic about next year. It should grow between 15 and 20 percent," CEO Dan Warmenhoven told reporters on a visit to Chile.



To: Steve Lee who wrote (3760)10/26/2002 1:15:47 PM
From: Math Junkie  Read Replies (1) | Respond to of 25522
 
At least you said "IMO."

Five years is an awfully long time to be making a prediction like that.

It seems like you're assuming that the excess valuations of the bubble will all be wrung out in the first bear market. Have valuations typically completed their downward trend in the first bear market after a bubble? I have heard otherwise.

Of course, maybe "it's different this time."