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Strategies & Market Trends : Three Amigos Stock Thread
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To: Sergio H who wrote (17286)11/8/1999 1:36:00 AM
From: Ken W  Read Replies (2) of 29382
 
Sergio,

FILE: Yep, I am looking much shorter term than you are. FILE has a chance of going back to 30 over the next year, but short term I see the stock going back to 14 or 15 as it needs to correct, just as all stocks do.

Any stock trading at 51 times trailing earnings with a unsustainable growth rate is way too high. FILE has a history of having problems with short term earnings, otherwise it would not have been a six dollar stock a year ago. Regardless, I'll stay with my predictions and take scouser in my corner anytime over your SLOJET....<GGGGGGGGGGGGGGGGGG>

Ken
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