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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (13733)	11/8/1997 11:00:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

On longing WLA and BMY- Mohan so finally we got you- you also pay top $ for 48 P/E multiple- I have a simple question if you like this investorama.com why shouldn't you like this? On TA this looked much better back in July: investorama.com And if you talk of fundamentals then this: biz.yahoo.com is no better then this: biz.yahoo.com So you are ready to pay 48 P/E for what you think is a right company but if someone is buying INTC or SUNW or KLIC at 19 or 40 P/E you should not have any problems normally- from your own logic this is now proven that multiples are not a big deal if underlying asset is good, I had lot of debates with you on exorbitant P/E's and your basic logic has always been that this market cannot sustain huge P/Emultiples. I am glad to know that you are ready to pay for some companies exorbitant P/E's this gives me satisfaction perhaps on that account of higher P/E ratios we can justify market valuations the only point remains to be settled is :if tech has a future growth like drugs or no- that is a question of ones perception of future growth. In my opinion some one paying a high multiple for drug is convinced that market valuations are justified at higher multiples because of premium quality of companies in question in a similar manner I am quite convinced that technology has a future better then drugs for that I am ready to pay a higher multiple.

To: Cynic 2005 who wrote (13733)	11/8/1997 12:49:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 50167

Hello Mohan Obviously you have the right to say and do what ever you want to...I think you can read that very thought in my post to you... It's seems to me that your reply was more of a defensive post.. You don't have to defend your current position, it's not necessary...It's what you believe to be true, and your trading, based on that assumption... My only real point was that in order to make money in the markets for retirement, you have to be long the market and not short...Period... Mohan despite the dips, corrections, bear markets, crashes etc, if you stayed the course over the long haul, we all would have been better off...Who is nimble enough to really be successful in trading these markets, certainly not me, and not you, and not 95% of the people out there.. But if your going to be sucessful in earning the rewards of investing it has to be thru buying and holding the premier value companys.. Nothing goes up or down in a straight line, nothing!!! Hey this run has been nothing short of incredible...But the recent volitility has me totally confused... It cost me a lot of profits in the last 2 months or so...I'm moving to the side lines till i feel more comfortable like I did last Nov and again in Apr...This is suicide at best... The market noise, the SI noise, the CNBC noise, etc etc can fog over anyones perspective as to direction of the markets and stocks...Not a good senario... I think that anyones ideas and perspecives should be up front and out there for what ever the reason...No one is 100% right or wrong..That's why there are bulls and bears... Anyway i wish you good luck as well...This is a tough way to make a buck right now... My Regards to you, Jerry