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Strategies & Market Trends : Range Bound & Undervalued Quality Stocks
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To: BWAC who wrote (1070)2/9/2000 1:47:00 PM
From: Esway   of 5499
 
Could change the minds of the ones who think that tech stocks can continue to rise and never stop to adjust to their ever rising PE ratios. At the first of the year when techs were being hit hard on profit taking many of the undervalued sectors had some buying interest. There was much talk about sector rotation even. This happened with the DOW and NAS both pulling back considerably. Of course then came the sell value and "follow the herd" back into the high multiples etc. which took the steam out of any value investing that was taking place.
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