| To: jhg_in_kc who wrote (148796) | 12/8/1999 10:54:00 PM | | From: Venkie | | | |
I believe we came too far too quick and momos get greedy..They will start taking profits and when the selling starts it will snowball..Most folks believe the techs are ready to correct and they will scramble for the door like wild...One drop of bad news and watch'em run..first one out gets the prize...Corrections are healthy and the<techs< are fat and bloated..If you can't see that then you are blinded from the hype.Hey ..I'm a hypster and even I can see that..The momos want us to get cozy while they sell their shs to us..I believe this and therefore I took some cash off the table like everyone else I know...If not I am still in the game...and will lock and load..
Good Luck |
| | Dell Technologies Inc. | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (3) |
|
| To: grogger who wrote () | 12/9/1999 12:56:00 AM | | From: blake roberts | | | | |
here is the next stock to explode, INPR linux related. You know what that means. Corl has doubled in the last week, INPR will follow. They released news after the bell and is currrently trading up. Position yourself early for the ride up. You can thank me later. |
| | Dell Technologies Inc. | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| To: Chuzzlewit who wrote (148787) | 12/9/1999 4:15:00 AM | | From: Yamakita | | | |
Chuzz, would love to hear your comments on the following post if you have time (from the Qualcomm thread):
To: Voltaire who wrote (53162)
From: Kelly Kammeyer Wednesday, Dec 8 1999 10:01PM ET
Respond to Post # 53179 of 53194
<There is a very subtle glacier like movement taking place in the market and it is part of the new paradigm.>
Voltaire,
I discern three drivers of this movement, and they may not be obvious to the casual observer...
1) The current environment of rapid disintermediation, destruction, and reconstruction of businesses, demands that premium value be awarded to those businesses that "get it" at the expense of those that do not.
2) The expanding availability (Reach and Richness) of relevant information for investors, is dissolving much of the risk involved in buying great businesses. Since we know that the net present value (share price) of a stream of future cash flows (earnings) grows exponentially with declining discount rates (risks) applied to those cash flows, higher values for the best businesses are a fait accompli.
3) Similarly, the net present values of these companies are exponential with the growth rates of their cash flows, and therefore their PE ratio's logically ought to expand exponentially, and are continuing to do so.
In my view, the combination of these factors yield the oddly unfamiliar market you describe...
More and more investors and their vision for stocks no matter how few are coming at the market from a nonlinear and intuitive mode...
Kelly |
| | Dell Technologies Inc. | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (3) |
|
| |
