Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Technology Stocks : Industri-Matematik Intl (IMIC) -- Ignore unavailable to you. Want to Upgrade?

To: wolfdog2 who wrote (22)	9/23/1997 5:13:00 AM
From: fred douglas liebling	Respond to of 349

What I did, wolfdog 2, when the stock started to take off around the time shortly before and after the earnings report was released, was to check out the PEs on the competition. Talk about getting a nosebleed! But IMIC was and still is trading at a discount to the others, therefore my renewed confidence that it's ok to get back in! But imho you're absolutely right, the technicals, esp. stochastics, scream OVER-BOUGHT, and this is why I initially sold. The situation with this sector, however, reminds me of the offshore drillers,who continue to rise despite the fact that the price of crude has remained stable. My conclusion: the Street realises and has come to a consensus that this sector is just at the beginning of its run and that the PE maddness is the anxiety we have to live with if we want to participate. Also, it appears that MANU beat its earnings by 2 cents which should be good for continued momentum tomorrow. The PEs are scary but imho, until one of the leaders fails to come through, the way 3-com did in the networking sector, I will let my nose bleed a little and enjoy the view. good luck, fred