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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 237.58-2.7%Nov 13 3:59 PM EST

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To: Mark Fowler who wrote (98656)4/4/2000 2:49:00 AM
From: GST  Read Replies (3) of 164684
 
Mark: <Csco has a 200 PE! Can you believe that?> The strange thing is not that we have come down a bit. The strange thing is we could go down a lot more. I am playing each bounce down the stairs -- a risky gambit. But I am clear on one thing -- we are still near the top of the stairs -- and there is no promise of a soft landing this time. I still like LSI here -- 40 times next years earnings (with revisions to the upside to come IMO) and products in all the right places. But CSCO at 200? Bargain hunting could take a while.
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