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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?


To: Mang Cheng who wrote (15431)5/5/1998 4:05:00 PM
From: joe  Respond to of 45548
 


Mang,

>>.I think the Fed will have difficulty raising rate since it will drive down the Yan even more and causing another round of crashes all over the world. HK is already crashing in anticipation of this rate hike.<<

That's what makes me wonder, "WHAT THE HELL IS CAMDESSUS THINKING?!!"

Didn't think about checking HK. I'll have to check it later
tonight - and start keeping an eye on it more.

Looks like COMS is ending in an upward parabola instead of
a downward parabola for today.

Joe



To: Mang Cheng who wrote (15431)5/5/1998 4:17:00 PM
From: joe  Read Replies (2) | Respond to of 45548
 


Mang,

>>...All the other stocks are trading at an average of
90 times earnings.<<

My immediate response is, what if you then took out all
the Internet stocks - AOL, YAHOO!, K-tell,.... supposedly,
the valuations of these stocks now are unable to be
quantified. Well, I know one thing, I can at least put
top and bottom limits on them and the range between would
be a whole lot let less than owner's of the stock think.

I'm not too worried about overvaluation of the market, because
I think it's more specific to individual stocks and sectors.
I feel we're in a semi-stock picker's market. If the
market goes down because of valuation, it will just hit
specific areas - not the entire market. (IMO)

Joe