Is THIS finally the BOTTOM???

Discussion in 'Trading' started by bbraunstein, Aug 14, 2002.

  1. I'm not calling for a bottom by any means.....i'm just curious at what other traders think.
    #11     Aug 15, 2002
  2. Pabst


    I'm generally a bear. Unfortunately I was about 5 years too early!
    Anyone remember Alan Abelsons article on AMZN in like '97? However I am EXTREMELY BULLISH on tech. Which move would screw with more heads, NQ at 1250 by year end or 750? No-one is prepared for an up move of 30% that in the "big picture" still wouldn't add up to a can of beans.(i.e. 5000 again don't think so!!) Why the bull side

    1 Rates aren't just low, they are as low as we will ever see in our lifetime.

    2 Crap economy? Yea I agree, but VERY priced in.

    3. High P/E's? Maybe, but compared to 2% rates, what kind of return from earnings is fair? PE's of 25 in this rate environment are cheap.

    4. These companies have cash! MSFT, CSCO, even a dog like JNPR has 5bil banked. With 5bil JNPR which is off 97% from it's highs sure can bounce SEVERAL dollars.

    This bottom may not last forever. Humanity may not last. But for now I'll let this stuff breathe.
    #12     Aug 15, 2002
  3. smokey_mcPaat

    smokey_mcPaat Guest

    i say that you should load up on BUD, THC, POT, KO and all the stocks that will be in high demand when the economy recovers- i'm heavily long in those stocks and bought puts as well- KACHINGO in a few months- i'll see you all in jamaica mon :D
    #13     Aug 15, 2002
  4. All I know is this market is very frustrating, creeping slowly upward or taking off out of nowhere. For me that's the sign of a short/medium term bottom.
    #14     Aug 15, 2002