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Strategies & Market Trends : Calls and Puts for Income -- Ignore unavailable to you. Want to Upgrade?

To: kaka who wrote (1065)	7/30/2007 11:58:19 AM
From: Bridge Player	Respond to of 5891

I have my own story from MRVC in 1999 to 2002. Right now I keep wondering when it would be right to sell my ISRG. 70 times 2007 earnings, probably 50 times 2008. Then I look at FSLR and I wonder about insanity in the markets. Couple of things I remember that had nothing to do with stocks that I owned at the time. In March 2000, some analyst was talking (or maybe in a written report) about one of the internet stocks. (It wasn't MRVC). He said, "it is trading at only 20 times next years sales". Do you think that might have been a signal? Nah, not to me........ And way back in the early 70s, when I used to go by a broker at lunch time to check the market, I remember remarking to a friend, that Levitz Furniture was trading at 100 times that years earnings (probably about 1970 or 71). That, of course, was the top.