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Biotech / Medical : 2012 Biotech Charity Contest -- Ignore unavailable to you. Want to Upgrade?


To: IRWIN JAMES FRANKEL who wrote (163)2/5/2012 11:50:00 AM
From: Jibacoa  Read Replies (1) | Respond to of 513
 
<<Remember 1999!!!>> <G>

Yes, that was the year I retired and in just a few months was able to earn more than in 40 years of hard work.<g>
But those were "wild times", before the BB, that I don't think I will see them again.
However, with FaceBook's IPO coming out at a $100B valuation, BigBlue paying 30x trailing sales for Worklight and the monthly % gains so far in this "Contest" , there is no question that things are getting 'hot'. <g>
Will see if the "January Effect" can last a little longer with the help of the "Presidential Election" stimulus.<g>
In real life, January was a rather good month, but nothing yet like the wild days of 1999. <g>

Bernard



To: IRWIN JAMES FRANKEL who wrote (163)2/6/2012 7:44:47 PM
From: Robohogs  Read Replies (1) | Respond to of 513
 
Earnings trajectory has changed. Market going up because expectations are for another change late this year.

finance.yahoo.com

To answer your question on PEs, I would probably pay a lower one than you (and lose money because of it!). But PEs of non-cyclical, non-finance companies are probably approaching 17x which is not low historically.

Jon