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Technology Stocks : All About Sun Microsystems

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To: QwikSand who wrote (45371)	9/19/2001 12:40:03 PM
From: Steve Lee	of 64865

"I can't see a reason in the GALAXY to have money in the stock market right now. I sure would like to hear some." How about do a scan for stocks with a PE > 100 and short them. There's plenty out there. Put 10% of your buying power (not including margin) into the 10 with the biggest market caps and then go and relax till we hit bottom. You will no when we hit bottom because it will be, IMO, a financial disaster. None of this "it must go up cos it's gone down so much" BS. Look at valuations. It will go up when it has crashed. That's how it has always worked. I have done some work on calculating the PE of the NDX 100 recently. Weekend before last it came out to just over 50. The few percent it has fallen since then is the tip of the iceberg. All in my opinion of course.

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