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Technology Stocks : Manugistics, Inc. (MANU)
MANU 17.17-2.1%3:59 PM EST

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To: Jason who wrote (551)4/22/1998 9:35:00 PM
From: douglas scott goldstein   of 1670
 
By 40s, maybe the upper 40s at the lowest. Don't be so sold on the sector rotation theories. Sure, the chip guys are looking cheap now but there is also good reason for their depressed P/Es. MANU's growth prospects are tremendous and thus the stock's P/E is absurd--I agree that its an overvalued stock but then again this is a market that could see a 20% correction and still look overvalued. It's just very tough to say now...

Doug
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