Remedy Taking a hit why? Message Board

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Technology Stocks : Remedy Taking a hit why?

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To: GJD who wrote (217)	4/19/1997 11:24:00 AM
From: Louis Riley	of 763

We are in a momentum bear market (duh) - one the likes of which Amerindo has never weathered before. Stocks that have any POSSIBILITY of future disappointment are not going up - even if the current fundamentals are great and even if they BLOW OUT the numbers. Here are just a few examples of companies that blew out and their associated POSSIBLE future problems: ASND : drag from CSCC, saturation in networking CPQ: slackening top line JBIL: sells to networkers RMDY: too many competitors, sequentially lower revenue growth VVUS: Looming competiton (ZONA, PFE), valuation concerns See the pattern? Of course, there is no such thing as a riskless name (except for KO? LOL). But this is no time to be a hero on the long side. I think the market's fall resumes soon, and the next leg down will be a real bruiser. RMDY will be a great pig to ride down to 20X 1997 eps, ~$17 5/8. Best wishes.

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