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Technology Stocks : KEMET Corp.
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To: techtonicbull who started this subject11/27/2000 11:36:14 AM
From: Ron Harvey  Read Replies (1) of 906
 
Fiddling Department.

Bought 3K last Tues. at 23, had no fun at all when it muttered and sputtered (I nearly bailed, actually), but held on to sell today at 24. Meanwhile, I'll continue to keep my eye on the KEM/VSH spread. It's a nice switcheroo trade on those unusual occasions when it narrows to below 2.

Re KEM in the longer term, I doubt that anything specific to Kemet will affect it. KEM will move with the sector and the sector will move with perceptions of future growth in tech stocks and prospects for the global economy. Within this context KEM's PE is virtually irrelevant.
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