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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (8765)11/4/2002 2:12:34 PM
From: SOROS  Read Replies (1) | Respond to of 89467
 
I get a kick out of the volume leaders. For the most part, these are poorly-run companies with terrible debt and huge insider option problems. I'd bet several will not be in business in 5 years.

QQQ -- the low PE standard
CSCO -- Crisco, fat in all the wrong places
SUNW -- the company with no competition -- NOT
INTC -- in an industry with explosive growth coming
soon -- NOT
MSFT -- in two words, honesty and value -- NOT
JDSU -- King of the new era industry
NXTL -- in the #1 growth sector for the next 10 years -- NOT
ORCL -- information at its best -- NOT
LU -- the emperor has no clothes
NT -- another one in that explosive growth area

Yes, people throwing money wildly at these companies will ultimately get what they deserve. Does anyone really believe that any of these companies are worth more today than they were 3 weeks ago? These companies in the past 3 weeks clearly show what Wallstreet is all about -- nothing more, nothing less.

I remain,

SOROS