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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: MonsieurGonzo who wrote (2626)	4/24/1998 5:26:00 PM
From: Berney	Read Replies (2) \| Respond to of 11051

Steve, FA + TA = PA + Janko I think the FA works just fine. I never would have thought about a company like XLNX, yet it had the 2nd highest rating in SOX.X. Since end of Mar its done real well. IMO the FA forces you to consider the most reasonable relative values in the market at a given time. Now the problem is that I do this all manually. ugh! Which leads me to ponder all the jewels I'm missing simply because I don't see them. But, in my conversation with Janko last weekend, we agreed I'd move a disk to him. (should happen about May 8th). If we can automate what I do, then we'll be able to feed your TA system real-time (well, closer) and, then, we get PA, and, then, IMHO, the Dudes rule! Thus, my thoughts on PA. As to my thoughts on ROE, I came to appreciate that the Big Imperial Bean Counters, many of which have risen to the positions of power in these corporations, tend to keep score with ROE. Buffett even noted that the current market valuations are sustainable if ... if these current ROE levels can be sustained. There is no doubt that if took ROE out of the equation, the valuations of the DJIA would be a joke. To me, the ideal is when the PE is a fraction of a company's growth prospects. Most of the DJIA types are 2x to 3x the future prospects. But then, there is LU at 9x its growth projections. Mr. Market gets real silly some times. Thus, A Dude Hath Spoken Berney