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Strategies & Market Trends : Dave Gore's Trades That Make Sense
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To: Prophet who wrote (1573)1/28/2002 9:10:59 PM
From: Dave Gore   of 16631
 
Prophet, not sure, we are near the 20-day sma now. Certainly we could break that if we got bad news in the sector, but many of these stocks are soooooooo cheap, especially MIR with a PE of 6.3 and HAL still with a PE of 7.3.

MIR's accounting confusion (which they helped to clear up today with analysts) and HAL's asbestos issue does not equal a reduction in PE's from 30+ to 6 or 7, unless they are severe. One either believes they are or aren't as severe as many had feared. HAL cleared that up on their C.C. and I think MIR will later in the week on their C.C. and earnings.

But you are right, we need to watch the OSX.
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