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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: James F. Hopkins who wrote (23143)8/3/1998 9:06:00 PM
From: bobby beara  Respond to of 94695
 
I'm not talking about past glory, I'm talking about peaking patterns yozoooo!

p/s p/r p/e p/b is in the stratosphere, I know this f/a is not a trading tool, but this stuff is FLUFF that is keeping the spx floating while the DJ65 is barely holding water.

We closed below 1130 thrice an dat ain't nice.

I am really falling in love with CSCO as a short @ 100x, earnings because it seems everyone has absolutely been smitten by it and it can do no wrong -ggg-

bb



To: James F. Hopkins who wrote (23143)8/3/1998 9:32:00 PM
From: Bonnie Bear  Read Replies (2) | Respond to of 94695
 
Jim- with that much market cap in just a few stocks, it must be convenient for the brokers to park a lot of money there until the final crash in asia- then -crash- dump techs, buy asia. clean, fast.
The Russell is gutted here, many wonderful companies for dirt cheap with more cash and bonds on their balance sheets than many large caps. Like msft said about aapl, they have terminator-like staying power. The only ones to consider here are the ones with low debt and lots of free cash flow. National has to be way below book value here. It will survive. There should be improved demand for analog products, GPS, DSP chips after 2000.
The next bottom for the russell is down another 20% back to april 97- at that level we will see many bankrupt companies.
I don't like the looks of this- it looks like the slimy tricks of the MMs have wiped out the little customers that could really save their business in a global downturn.