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To: Israel who wrote (203747)11/10/2002 1:59:24 AM
From: pressboxjr  Read Replies (1) | Respond to of 436258
 
Unfortunately, since it is a 'momo stock' when the music stops is anyones guess.

Well, i was always taught that when the music stops you better have a chair. <g> I just hope that those who are long this market have enough chairs.

Cheers



To: Israel who wrote (203747)11/10/2002 9:17:26 AM
From: Zeev Hed  Read Replies (2) | Respond to of 436258
 
Israel, it seems you are shorting stocks on "Moral grounds" because they are "overvalued", there are so many stocks that are overvalued and technically broken. Short term, yes, I think EXPE has a good chance of getting back to the $55/$65 area, but on the next ramp, it could attempt breaking the top at $84 and if that happens, who knows how overvalued it could get.

Zeev



To: Israel who wrote (203747)11/10/2002 11:42:30 AM
From: cfimx  Read Replies (1) | Respond to of 436258
 
>> Is build his short as the insanity continues.. If one is patient enough, and well capitalized enough.. EXPE will be a sweet short to hold for 4-6 months..

what is so insane about a company that has been DOUBLING its business, selling at 31 times next years earnings? And btw, this company, which took a page out of msft's eps guidance playbook, routinely demolishes that guidance. So most expe watchers have come to expect that $2.25 for 03 is lowball guidance. Normal fluxuations of course could send the stock much lower but it won't be because this stock has lousy fundamentals.