Angels of Alchemy Message Board

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Strategies & Market Trends : Angels of Alchemy

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To: wannaBrich who wrote (9467)	8/22/2000 9:11:12 PM
From: If only I'd held	Read Replies (1) of 24256

In this market...it looks like it's time to take profits to me. Yes...record earnings, but a record price too. In other words, it appears to be fully factored in. The split thing is probably just an idea to hopefully stop the stock from dropping on the news. Kinda like..."bonus news". But I would say if you can get a good deal on the stock...somewhere around a P/E of 30-35 or so, I would try it. The company has had 3 qrtrs of killer earnings. I have no idea whther they can maintain that pace in a slowing economy. You guys would have to tell me that. They are to be on CNBC in the morning. hmmm, sure seems like an awful lot of table pounding going on. I would probably just daytrade it until it settles for now. Might be able to make a few bucks on some volatility tomorrow...but overall...it looks like profit-taking is coming.

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