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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jerry Olson who wrote (99252)5/24/2000 1:30:00 PM
From: Lane Hall-Witt  Read Replies (1) of 120523
 
We still need CSCO to break down and bleed. Also YHOO and EBAY. ITWO has come back a lot, but still has hope priced into it. We need it to challenge that sub-70 low it hit last month.

The selling in the semis has been unreal -- I hope the value funds are taking a good, long look at KLIC, LRCX, MIPS, and the like. PEG for KLIC at current levels and projections is 0.62, for LRCX is 0.81, and for MIPS is 0.56.

GNET selling at PEG of just about 1 again, too.

It's fun to be looking at "value" stocks! Let's hope we don't see an enduring flight of capital out of the U.S. markets. We don't want to do a Nikkei, with overseas investment drying up and killing the market.
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