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Technology Stocks : Mattson Technology
MTSN 3.6000.0%May 12 5:00 PM EST
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To: SemiBull who wrote (3157)11/20/2000 5:55:14 PM
From: Philip W. Dunton, Jr  Read Replies (2) of 3661
 
Semibull, As far as the market is concerned, the tech bubble broke last spring. You are forgetting the fact that the market is a forecaster, not a reflection of what is now taking place or what has taken place. All the rosey economic stuff that you cite is history for now. The economy is slowing and tech earnings growth is becoming very suspect. At 5000, the NAZZ comp was priced at a pe of 265 and if the NAZZ goes to 1800, it will be priced at a still overvalued pe of 75. NAZZ is in a very nasty bear market. If you have a 36 month horizon, I hope you are not on margin. Be careful and good luck. Phil
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