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Technology Stocks : Aware, Inc. - Hot or cold IPO?
AWRE 2.160-1.4%Nov 28 9:30 AM EST

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To: Jon K. who wrote (5195)12/6/1998 1:10:00 AM
From: Johnathan C. Doe  Read Replies (1) of 9236
 
"Not only that, never
before in history, the P/E ratios were this high. (Even with factoring in low interest rates.)"

You must be new to tech stocks. I've watched complete meltdowns in various sectors now for much of the 90's and high valuations are temporary. It isn't like the market is one big bubble and it just pops once. We have been through many bubble pops. Semi's; did you miss out on that bubble pop back in '95? Did you miss the complete drubbing the techs took in the summer of '96? Did you pay attention to the tech market slide for 4 long months in the beginning of '97? Were you around in the last 6 months and experience a tech bear market unlike anything I've seen and a slide that was worse than the '87 crash in the tech sector? Were you around for the complete capitulation of the disk drive sector starting last fall in '97? The stock market in the techs is a sector market mostly and one is up and many others are down. When they all get up relatively; they all fall hard. They have and they will and you can make tons of money through all of it. You have to specialize in the techs and be willing to trade and strategically buy at good value moments. There isn't any conspiracy here. If you are hung up on what Greenspan is doing; I wouldn't suggest you play tech stocks.
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