Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Dan Spillane who wrote (933)	11/25/2000 10:02:35 AM
From: tradermike_1999	Read Replies (3) of 74559

One needs to only look at the PEG ratios on various high tech and other stocks to see they are undervalued (i.e., trading at fractions of the growth rate). However, last spring they were overvalued on this same basis. Further, some companies are experiencing accelerating growth and improved prospects, particularly those related to notebook and handheld PCs (triple-digit), and biotech. Actually growth is topping out in many tech sectors, along with the slowing economy. PC demand is down and PC prices are dropping. Semiconductor demand is expected to fall over 50% next year. And as for the hand held PC companies, PALM, HAND, RIMM - I wrote an article suggesting them as short sales last weekend. All have wild PE rations up in the hundreds. RIMM's is over 1,000. So to think these are compelling buys in this market is a wild gamble.

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