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Technology Stocks : RF Micro Devices (RFMD)

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To: dennis michael patterson who wrote (3586)10/13/2000 2:32:01 AM
From: robert duke  Read Replies (3) of 4849
 
I know. It is scary that we may be at 2000. All it take is three more days like today. Well we left for a bit and now we are back to calm this mess of bitterness. Just wait until the stock does drop under 20 then the thread will really be bitter. I have a friend of mine who has or had 300 shares of rfmd and I tried hard to get her to sell at the top in the 80-90 range around the time I did. But she got gready. Then I tried to tell her to sell at 44. Nope she wanted to hold. Then I was able to get her to sell at the 28 range where she bought the stock. Man finally. She could have walked away with a ton of cash easy. But nope she rode it down. 24 today. Tomorrow looks like more selling.

RFMD at 24 has a pe of 83 which could be cut in half two ways.
#1 earning are great and reduce the pe.
#2 multiple contraction, which means the price drops in half to a fair pe of 45. ouch.
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