Not "perception is reality", it's "Once Bitten, Twice Shy".
Well, we remembered the 'just ended' Dotcom melt down. The valuations of RVBD & BCSI, with such high P/Es, looked just like the CSCO & AOL of those days.
So, 100+ percentage of improved performance MAY NOT be enuf. Perhaps we'll need to see 500+ percentages to justify their high PEs before we start rewarding these stocks?
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Well, we remembered the 'just ended' Dotcom melt down. The valuations of RVBD & BCSI, with such high P/Es, looked just like the CSCO & AOL of those days.
So, 100+ percentage of improved performance MAY NOT be enuf. Perhaps we'll need to see 500+ percentages to justify their high PEs before we start rewarding these stocks?
XEQ.