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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: LastShadow who wrote (13249)	4/24/1999 12:32:00 PM
From: Susan Saline	Read Replies (1) \| Respond to of 43080

>>> But unless someone ever comes up for a good reason why the P/E of YHOO is 1,500 the concern by financial institutions and others who see the potential risk is going to persist. And for good reason. <<< maybe a reason ... possibly valuations, by the "norm" ... the majority, maybe that has changed, and they have now become "unimportant" to more. And yet there are those who still hang onto those ideas, are they being ... left in the dust? I will be the first to admit that I barely know what a "valuation" is, and what effect it "should" have on a stock. I don't care to learn it either. For I know there are good profitable company's that trade at 3 dollars and then there are company's that trade at a hundred dollars with no net profit. Valuation is in the eye of the beholder. This phenomonon is not new ... this bull market ... it is quite old now. We will see corrections we will see dips, we will not see a bear market unless something absolutely terrible happens in this country. Enen wars in small countries are being ignored by the market. Why? I think due to the newer traders (their are so many more of them now), that are not expecting the past (correction on bad news) to hold up any longer. They know only the "bull market" This trading is/has begun a new realm for the making of a business professsion ... that almost anyone can try. To me, this just means more buyers.