August 14, 2007
Values Just Get Way Out of Whack
Good bit (something I agree with) from the Goldman Sachs call:
“… we look around the markets today, and while there is a lot of volatility and a lot of difficult markets, we also think that there are a fair number of assets that are selling at distressed prices that are not distressed assets … And when we see those assets in any type of asset classes, we will try and take advantage of it.” — David Viniar, CFO
Correct (fingers crossed, lol).
Cat: | Time: 6:51 pm (utc+8)
August 14th, 2007 at 7:58 pm
So, Apple was considered by many as slightly undervalued at 150 and now at 128 - god, it should be ripe for entry
Yet, many say that at any one point in time - every security is fairly valued. So, if the Dow goes down between 1000 and 3000 (both considered as remaining in the “bullish column” Apple might go down to 98 and 128
would have been overvalued - yes?
August 14th, 2007 at 8:54 pm
paul: AAPL is harder to value than these banks (and mortgage-backed securities for that matter) … tech is here today, gone tomorrow — makes long-term thinking a tad difficult.
August 15th, 2007 at 1:10 am
Let me see, Goldman Sachs saw a $3 Billion opportunity only yesterday. With vision like that I’ll certainly be listening to them!
Take your own advice CM, buy on the way up; not down!
August 15th, 2007 at 2:04 am
Here today, VMWare(VMW).
Gone tomorrow?
August 15th, 2007 at 2:51 am
CM, Can we get some VIX charts up? Thanks.
August 15th, 2007 at 8:43 am
Looking at a short-term picture they may not be, but for the long term it seems to me that stocks like GS and BAC are both good values. The companies have strong balance sheets and are leaders in their industry. I’m not calling a bottom, but I do think there is value.