Harmonic Lightwaves (HLIT) Message Board

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Technology Stocks : Harmonic Lightwaves (HLIT)

HLIT 10.56

+2.7%

3:18 PM EST

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To: Donald B. Fuller who wrote (3590)	6/20/2000 10:26:00 PM
From: Joe Wagner	Read Replies (1) of 4134

Good comment Donald. In a down market, with negative spin on earnings, the stock is way down. I fully expect that sometime in the next two years when the market is up, and the optical players are all smoking on earnings (clumpy to the high side), the highs of last March, will look like peanuts. Within two years I could see it spiking up to a PE of 300 with earnings of $1.00 per quarter. That could give you a spiked price of $1200 per share in a frenzied up market. Everyone today dwells on how horrible it would be to go to 25 and everything is doom and gloom. Personally I think the odds are better for it in two years to go to $1200. Thats why I wait patiently and hold on tight, even if it gets half way there it will be worth waiting for. The days of euphoria that we saw in February and March are not gone forever. They run in cycles and will return eventually. It will be easier to see that when the market finally starts a meaningful recovery. Joe

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