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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 75.78-3.5%Jan 30 9:30 AM EST
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To: tahoe_bound who wrote (19345)5/26/2000 8:16:00 AM
From: Robert Rose   of 28311
 
<at some point this is all like a coiled spring pushed down, still getting pushed down harder. It is
just a matter of how much lower and harder it will get pushed down before snapping up>

Let's look at the trailing p/e's of some leaders:

csco: 156
qcom: 93
ebay: 1,235
yhoo: 530

The market still has plenty of room to fall if it wants to start evaluating companies according to more traditional metrics.

We should all be managing our portfolios accordingly.

DISCLAIMER: 85% cash, no short positions.
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