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Technology Stocks : RF Micro Devices (RFMD)
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To: nealm who wrote (914)9/23/1999 11:51:00 PM
From: robert duke  Read Replies (1) of 4849
 
I think that we may see some more selling over the next few days and into next week. I think we might see something at the 10,000 level. This would be about a 11-12% correction then. Right now this pullback is nothing. The pe ratio is still in the 25-26 range and the all time high is the 28 range so we need a pullback like this to make things healthy. But this may not be the bear market signal we were all looking for.
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