SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: steve susko who wrote (33580)11/12/2003 11:41:32 PM
From: nspolar  Read Replies (3) | Respond to of 36161
 
steve, I'm still thinking that some respected bulls are wrong, and this market is going to do a serious retrenchment, including of course tech. Will look harder over the weekend. The bounce back of today isn't going to cut it imo, and maybe it will give it all back and more within just a few days.

Coupled with that I'm also wondering if some HUI targets are too optimistic. I'm not sure of precise counts here re this 4 and what has happened beyond. Gotta look at that closer too.

I'm wondering if that sooner than we might think the risk reward will not be with pm's, but general market shorts, and the last part of this year and 1st qtr next year will be a rough one. Most still seem to think there is more to go here, after a minor dip. Most are usually wrong.

Some indicators I follow are indicating more than a minor dip, imo.



To: steve susko who wrote (33580)11/13/2003 1:49:05 AM
From: Andrew  Respond to of 36161
 
well you know they earned 6 cents a share so what the PE now only 105.

it is rediculous, looking at their forward guidance AMAT should have got cut in half.

I keep hearing that the big techs need to catch up MSFT and IBM and such have lagged the market.

No the fact is weve had a junk rally and these big names are still slightly overpriced relative to historic value by PE and div yield.

The mania lives for now.