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Technology Stocks : PairGain Technologies -- Ignore unavailable to you. Want to Upgrade?

To: OrionX who wrote (29029)	3/5/1999 2:15:00 PM
From: NW Bronco Fan	Read Replies (1) \| Respond to of 36349

I can't understand the buy or strong buys on most stocks these days. Nevermind the internets, I think the semi stocks are an even bigger joke. Revenues and orders are way down year over year, but the book to bill has finally gone above 1 so the prices on most semi stocks are at or above the all time highs. It's like it doesn't matter that the billings have gone so low that the book to bill had no place to go but higher. When the few stocks holding the averages up start going down, things really have the potential of getting really ugly, really fast. I'm thinking we'll see the biggest ever point decline in the DOW sometime this year. Isn't earnings warning season right around the corner? :-)