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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Ilaine who wrote (31198)10/25/2000 2:22:09 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
well, if you have a sky-high p/e like that, the merest hint of a slip-up in business destroys the stock. which is why it seems very imprudent to buy such stocks unless they're really beaten down (like CIEN was two years ago).

it may be worth considering T at some point. however, i'd wait a bit for the telco shake-out to conclude. it has barely begun after all.

it's probably not a problem if one picks up some beaten down high quality issues here...depends on one's time horizon mostly. i notice that the market still hasn't panicked...everybody's greeting the massacre with a big yawn. p/c ratio at 0,44.
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