Originally posted by sunnyskies
braunstein, when you start a thread like this, unfortunately you become a "Lundy"
I'm not calling for a bottom by any means.....i'm just curious at what other traders think.
Is THIS finally the BOTTOM???
- Thread starter bbraunstein
- Start date
I'm not calling for a bottom by any means.....i'm just curious at what other traders think.
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.
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.
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