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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (19124)	1/5/1999 5:59:00 PM
From: space cadet	Read Replies (1) \| Respond to of 68046

Hi Clint, yeah kea was a real find. Low p/e, tremendous growth. I don't know practically any other stock like that. Do you? If so, please clue me in. The rest of my stocks are like Dell (I'm still in), absurdly overpriced but hopefully it will get even more absurdly overpriced any day now. This market has lost all semblence to any sanity. Soon p/e's under 100 will be considered value investing. I see the nasdaq going straight up for the next 6 weeks, till at least dell's earnings. Looking more and more like a blow off top except for one problem. That problem is that we probably can't correct as long as Greenspan keeps lowering rates. As long as this liquidity hangs around we can only stand our ground or go higher. After mid Feb however, I plan on getting out of the market and re-evaluating things. I would expect at least a 10% correction at that point. It's getting harder and harder to find any reasonably priced stocks. I'm in Dell only because I plan on selling my shares to an even bigger fool. We'll see. Hope nobody here has a fear of heights. Don't look down for the next several weeks... Y2K- not sure if it's a blip or has some legs. WS irrationally hated these stocks last year so it's not clear right now.