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


To: Sampat Saraf who wrote (12279)12/2/2004 9:59:05 AM
From: Sam Citron  Respond to of 25522
 
OT Sarmad RE: SIRI

I hear that SIRI accounts for some 20% of the Nasdaq trading volume these days. In spite of it being way overvalued by any conventional measure, it is a decent product, many analysts love the stock, and the stock is zooming.

I shorted a hundred shares last week just to test the waters, and got my head handed to me, losing 10% in 3 days so I covered. Would you ever buy a stock like this, even though you know its a bubble?

Sam