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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Carl Worth who wrote (4067)	9/22/2003 3:47:59 PM
From: Crossy	Read Replies (1) \| Respond to of 37387

Carl, where were the "watchers" like Barrons when the NAZ was at 5000 ? They were not present. At NAZ 1900 they "warn" of excessive valuation. Give me a break. To me this is just too obvious.. It almost appears they have an agenda : to SHAKE up WEAK HANDS for their institutional clients (advertisers, M&A departments, content sources) I can only say that I really share your definition of "Value" - you gave some good examples (and a case study of the "real option") it's not so easy as the "book value" definition or a DCF.. That's for sure.. all the best and happy and profitable investing CROSSY

To: Carl Worth who wrote (4067)	9/22/2003 5:02:43 PM
From: Vegas	Respond to of 37387

helluva message...well done.

To: Carl Worth who wrote (4067)	9/22/2003 10:15:01 PM
From: Patentlawmeister	Read Replies (3) \| Respond to of 37387

Since Mike hasn't responded to the bullish argument, i'll chime in with a "what about the current 'forward' p/e of 40 for the Nasdaq 100" (not sure if it's the overall Nas composite that has this p/e)?? Isn't that a tad bit pricey? Once upon a time there was the so-called nifty 50, some of which had astronomical p/e's of 50 or higher. Now 50 is about an avg. p/e for these big tech companies. And that doesn't include the dilution that these companies constantly create year after year with their shenanegans. Nor does it include the occasional "non-recurring" write-downs - what's a few billion in write-offs (a la Cisco) between friends anyway? Now, a p/e of 40 translates to a paltry yearly return of 2.5%, a helluvalot lower than safe T-bills. So what if the historical p/e's of stocks is on the order of 12? 40 is not that much higher than 12, i suppose. But if the mkt. would go back to the old fashioned 12, yes, that would put the Nasdaq at around 500.