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Technology Stocks : Shiva
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To: emichael who wrote (65)7/24/1996 7:22:00 PM
From: Mojie Aghaalian   of 5036
 
You are right. High PE has a lot to do with it but look at CSCC, my favorite. It has a high PE but it surprised the street by 4c(17c. vs. 13c estimate). I listened to a couple of money managers, investing in high-growth tech stocks. One factor that both stressed as a reason to keep their investment in those stocks was "higher-than-estimate surprises". They like to think that the stock is undervalued due to earnings momentum that is beyond analysts expectation.

SHVA came in line and that's just not good enough. I am glad I got out when the going was good. Now I am back in CSCC and PAIR.

Mojie
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