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Technology Stocks : Exodus Communications, Inc. (EXDS)

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To: Doug Meetmer who wrote (932)7/23/1999 11:26:00 AM
From: Ken Pomaranski  Read Replies (1) of 3664
 
<< but the point I was trying to make is that a stock that has appreciated six fold or so since the beginning of the year can easily drop 50% or more. >>

Yes! That is absolutely true. Stocks that have had significant price appreciation over a short period of time are more susceptible to huge drops than a stock that has been basing for 2 years.

My point is that this is due to greed / fear factors in the traders of a particular security and NOT at all related to the current P/E or P/S.

kp
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